On the monthly, we have hit a little support level as we see the bears lose strength through the smaller bodied candlesticks. On the weekly, we have a trend line of support with the week opening on a doji candlestick and price giving us higher lows. This leads me to believe we are just having a retracement before price continues to push up.
The daily clean closed at our trend line of support with price action just a few pips close of an engulfing candle. On the 4HR we had a strong push up from our trend line but we hit a zone and could head to support before making a push to the upside.
The 1HR shows a clear resistance zone. I'll take positions based on the market open
Happy trading!
The daily clean closed at our trend line of support with price action just a few pips close of an engulfing candle. On the 4HR we had a strong push up from our trend line but we hit a zone and could head to support before making a push to the upside.
The 1HR shows a clear resistance zone. I'll take positions based on the market open
Happy trading!