BEARISH Bias: - DOW in action with series of LH & LL - Strong Daily Support broken, which will now be a strong Resistance - Price Action moving in Descending Channel - Huge Bearish Engulfing candle on Daily Chart - 3-Black Crows on Hourly Chart
BULLISH Bias: - Bullish Hammer (Pin Bar) formed on 4-Hourly Chart
My BIAS: SELL close to Daily Resistance (around 1.37500) SL: 1.38350 TP1: 1.34860 (above Daily Support line) TP2: 1.34140 (above Daily Support line)