Independence day in USA. So market will close with UK session end.
Fibbo H1 is indicating north and has already covered half of the way and only H1 and H4 TFs are indicating buy but the travel will be limited as 100% level is well guarded by Sma200 at 1818-23. So a MRS is located at 1818-23.
However a HRS is also located at 1808-13 zone with tite SL of 30 pips. Because the price in H1 TF has been rejected three times at 61.8 level at 1809.
All the large TFs are under pressure of sell. Such as D1 TF price is under BB44 mid band and Sma200 at 1838-43 zone. Price has gone under W1 descending trend line and in the MN TF price has also gone under MACRO FIBBO 61.8 (1818-23).
Conclusion : I will not try a buy from current price location towards 1818-23 because direction can turn at any point in between. It will be a HRB from 1808 to 1818. I will wait for the price to test 100% level of Fibbo H1 at 1818-23 for a MRS or maybe if the price gets under 50.0% level at 1804 at the beginning of session.
Fibbo H1 is indicating north and has already covered half of the way and only H1 and H4 TFs are indicating buy but the travel will be limited as 100% level is well guarded by Sma200 at 1818-23. So a MRS is located at 1818-23.
However a HRS is also located at 1808-13 zone with tite SL of 30 pips. Because the price in H1 TF has been rejected three times at 61.8 level at 1809.
All the large TFs are under pressure of sell. Such as D1 TF price is under BB44 mid band and Sma200 at 1838-43 zone. Price has gone under W1 descending trend line and in the MN TF price has also gone under MACRO FIBBO 61.8 (1818-23).
Conclusion : I will not try a buy from current price location towards 1818-23 because direction can turn at any point in between. It will be a HRB from 1808 to 1818. I will wait for the price to test 100% level of Fibbo H1 at 1818-23 for a MRS or maybe if the price gets under 50.0% level at 1804 at the beginning of session.