As of now, we managed to see a nice price rejection off the resistance level @141.33 price level. From H1 chart, we can see that BEARISH strength is currently building up with movement near the ichi cloud. I will be anticipating price to break down lower moving at the lower side of the ichi cloud. As of now, we have 2 levels in which price rejection can potentially happen. I have identified the demand zone in red where I believe BULLISH strength will build up from here.
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!