Hello Traders!
Bearish:
The daily candle closed bearish today with a bearish piercing pattern.
The 4h also closed as bearish engulfing prior two 4h candles.
If we break 1897 level then we will see price retracing back to 1888 levels which is also 0.382 retracement for the last impulse move.
If the price breaks 1888 and rejects we will be in freefall to 1876-1 levels.
Bullish:
If price hold 1897 or 1888 we will see price going back to 1922 levels.
Trade Safe!
Bearish:
The daily candle closed bearish today with a bearish piercing pattern.
The 4h also closed as bearish engulfing prior two 4h candles.
If we break 1897 level then we will see price retracing back to 1888 levels which is also 0.382 retracement for the last impulse move.
If the price breaks 1888 and rejects we will be in freefall to 1876-1 levels.
Bullish:
If price hold 1897 or 1888 we will see price going back to 1922 levels.
Trade Safe!
Trade active:
TP 1 was done, price bounced off from 1890 and now its a retest of the high.
Order cancelled