Price Action Daytrading
H4 bias bullish.
Not expecting FED to cut the rates this coming Jun. USD will hold bullish till Sept.
Price has broken a H4 Resistance level and went higher. Price did not reversed back into the range which shown that price is not fake breakout.
Price retrace back in the H4 Broken Resistance that turned support. At the support level, it formed a double bottom pattern and broken through the lower TF resistance level.
Set a long trade at the broken H1 resistance level. SL below the double btm targeting H4 Swing high with R:R 1:4
H4 bias bullish.
Not expecting FED to cut the rates this coming Jun. USD will hold bullish till Sept.
Price has broken a H4 Resistance level and went higher. Price did not reversed back into the range which shown that price is not fake breakout.
Price retrace back in the H4 Broken Resistance that turned support. At the support level, it formed a double bottom pattern and broken through the lower TF resistance level.
Set a long trade at the broken H1 resistance level. SL below the double btm targeting H4 Swing high with R:R 1:4