Scalpers have came in to give us some resistance on falling more. We got a nice harmonic bearish butterfly pump up and I am looking for a reversal soon now to follow another buy entry.
NFP is Friday so there will be noise to continue this week. Since NFP effects dollar pairs we might get a pull down before a reversal to wave up and test .6400
Sellers shouldn't sell at current price since it is consolidated..It could continue to consolidate higher and higher into a bearish flag before we test low prices again. A nice solid hold on the dashed yellow line around "C" is our support for bulls and a breakout on the daily trend line will confirm bulls are back in the game on the higher frames. Lets see how this works out for us :)
NFP is Friday so there will be noise to continue this week. Since NFP effects dollar pairs we might get a pull down before a reversal to wave up and test .6400
Sellers shouldn't sell at current price since it is consolidated..It could continue to consolidate higher and higher into a bearish flag before we test low prices again. A nice solid hold on the dashed yellow line around "C" is our support for bulls and a breakout on the daily trend line will confirm bulls are back in the game on the higher frames. Lets see how this works out for us :)
