On a H4 tf we are seeing a AO divergence and a Break of Structure happened bearish, it is now on the Premium area / Supply area so I am expecting it to go bearish. Going into the M30 tf for more confirmations, I am waiting for Break of Structure at 1.37291 to make a lower low. If that happens, it should retrace to the 0.718-0.886 zone and make SHORT entry.
High Impact News ahead 8:30PM. Watch out.
High Impact News ahead 8:30PM. Watch out.
Comment:
News impacted the setup and is against bearish bias. USD strong versus CAD after the News. Expect setup to fail.
Comment:
For some reason the bearish bias was still successful