Price is printing a descending triangle pattern which also looks like a bull flag.
The 1280.0 area which confluences with the 200EMA is a strong zone aand if prices break below there, my sentiment would change to bearish.
I expect price break above the descending trendline before we can see a stronger push to the upside.
A bullish inside bar formed with the previous days close suggesting weakened selling pressure.
TO DO: wait for price action on H4
The 1280.0 area which confluences with the 200EMA is a strong zone aand if prices break below there, my sentiment would change to bearish.
I expect price break above the descending trendline before we can see a stronger push to the upside.
A bullish inside bar formed with the previous days close suggesting weakened selling pressure.
TO DO: wait for price action on H4