Hi everyone!
In short term, we have successfully followed this bearish price action (see chart below), but at the same time, we have reached an interesting mid term support area which could be used for some scalp trades or positioning.
That said, if volatility does appear, it will most likely be due to the retail sales figure expected in a few minutes.
On the hourly chart I have shown the technical levels that could be used (my favorites are the last two, especially the last one)... good luck!
OUR LAST SETUP
(Click and Play on Chart below)
In short term, we have successfully followed this bearish price action (see chart below), but at the same time, we have reached an interesting mid term support area which could be used for some scalp trades or positioning.
That said, if volatility does appear, it will most likely be due to the retail sales figure expected in a few minutes.
On the hourly chart I have shown the technical levels that could be used (my favorites are the last two, especially the last one)... good luck!
OUR LAST SETUP
(Click and Play on Chart below)
Comment:
Comment:
On chart I showed 1.794 level as overbought... error! I meant oversold... sorry! 😢
🔔 2024 Forex Long Term Analysis:
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Analysis made with 💝
By Anonymous Banker
A TradingView Fan since 2015
🌐 anonymousbanker.org/
🥇 Crypto Exchange:
🌐 bit.ly/CryptExchange
Analysis made with 💝
By Anonymous Banker
A TradingView Fan since 2015
