👁️ OUTLOOK
5hr chart:
30m chart:
Context 5hr: Price is currently in a re-accumulation, and surfing above the 10,50,200emas trending towards 29.79800.
Validation 30m: Price is looking pretty good, re-accumulating above the 200ema. Needs a bit of time to go back above the 10,50ema so give it some time to show you that money is coming in the market once again.
Bias: Bullish. Looks good on the 5hr chart but needs some time to get back above the 10,50ema to show that money is coming back into the market. If price does this then I am happy to look for longs.
5hr chart:
Context 5hr: Price is currently in a re-accumulation, and surfing above the 10,50,200emas trending towards 29.79800.
Validation 30m: Price is looking pretty good, re-accumulating above the 200ema. Needs a bit of time to go back above the 10,50ema so give it some time to show you that money is coming in the market once again.
Bias: Bullish. Looks good on the 5hr chart but needs some time to get back above the 10,50ema to show that money is coming back into the market. If price does this then I am happy to look for longs.
Price is making its higher and is providing moves London and possibly this NY session so definitely have this on my watchlist for a potential entry soon.