The market is still moving sideways until now our bias is neutral so we sell at the resistance and buy at the support. Now as the price is coming down we are interested for short positions.
As the price broken the previous S/R level we are more interested to short the market and target the previous low. Just be patient and wait for confirmation because we could ride the momentum or wait for a retest.
The price is near the resistance level so we anticipate to sell on that level if it taps inside. But if it happens to just go to the downside then no FOMO.
The movement of the market on this pair is still stuck on a big range on the higher timeframe. Where we sell on the resistance level and buy on the support level. So for now our interest is to sell on the resistance level.
The market didn't break above the previous high giving us signs that it is not strong enough to continue being bullish. So now it is in a range where we wanted to see the reaction on the support level. Either a rejection or a break below and retest it.
Price is bearish for today's movement but in overall picture it is moving sideways. So if price taps the support level we expect buyers to kick in and push the market to the upside.
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Still in a consolidation period so we could enter long at the support or short at the resistance. Now that the price is nearer on the support level our bias is bullish short term.
Now that the price breaks the previous resistance it would try to break the previous high or the outer resistance. But if buyers aren't strong enough to push the market to the upside then we wait for the break below the zone for short positions.
Price is nearly approaching the resistance level and from there we could wait for the reaction of the market. Either a rejection of the resistance and target the support or a break above structure that would give us bullish interest.
For the past few days we are seeing a sideways movement of the market by respecting the S/R levels. So for today we could enter long and target the resistance level if the market still holds the support.
As the the price starts rejecting the downside now we are more interested to buy for our trade. It could be a retest of the minor zone or just ride the momentum towards the upside but we are still bullish.
Price could retest the minor support level then target the resistance level. Or a break below the minor support level then target the previous low.