Hello Traders, This is a Screenshot of my Analysis on this Pair, Price is Bullish on the Monthly Timeframe, however on the Daily Timeframe, we have a Break of Structure to the Upside and Price is currently giving a retest of Structure.
Price is currently sitting at a previous level of Supply which should now turn into DEMAND.
ALSO,
We have a retracement to our 0.5 FIB Level taken on the Recent Daily Impulse.
I will be monitoring Price Action at this Level for a strong Rejection on the Daily before taking further entries on the Lower Timeframes.
Price is currently sitting at a previous level of Supply which should now turn into DEMAND.
ALSO,
We have a retracement to our 0.5 FIB Level taken on the Recent Daily Impulse.
I will be monitoring Price Action at this Level for a strong Rejection on the Daily before taking further entries on the Lower Timeframes.