Daily Trend: Down
4H Trend: Range
Analysis: Daily demand is in control. Price bounced off and is slowly grinding its way upward. Expecting much whipsawing.
Prediction: The move higher is very choppy and slow. I expect to see a range bound environment until a break higher or lower occurs.
Price Points of Interest:
4h Supply inside Daily @ 1.2936
4h Supply @ 1.2871
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure. Fortune favours the bold.