The price is currently in the support level now. As the price broken below the support level we are anticipating that it is now a retest of that level. So we are interested to go short and look for confirmation in the lower timeframe.
In overall structure we are still in consolidation period. But since the volume now is moving to the upside then either we could ride the momentum or wait for the pull back.
Price is really moving sideways for now and we are neutral with our directional bias. So if the market closes below the support below then we are short if it rejected it then we are bullish.
Just wait for the hourly candle to close below the support level to confirm our short bias in the market. If it didn't happen wait for further confirmations to support our bias.
This pair is till ranging, the market hasn't broken any key levels so we are still in consolidation period. If you want to trade it by buying at the support and selling at the resistance it's fine. Or just wait for the price to break either support or resistance level.
Price broken the support level but it could be a liquidity grab if it can't manage to push to the downside. It's crucial to enter short right away so be careful and wait for confirmations.
Still bearish with the overall market structure and as we could see that the price rejected the resistance level. Now we could ride the bearish impulse then target the next possible level of danger.
The momentum of this pair is bearish and we could ride it or wait for confirmations. If you are a momentum trader a quick short would be a good one if not then no.
The market structure is still bearish and we are looking for short positions. We could ride the bearish impulse now during NY session.
Market is still ranging since the weekly high hasn't been broken. We are waiting for the price to break whether the weekly high or the support level. But we are more interested to short the market based from the massive bullish impulse last week that needs to have a retrace.
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Now that the price is in the support level we wait if the price could break below it or could sustain it. If it manage to break below it we are looking for short posisitons.
Still bearish in overall structure and bias with this pair. Be patient waiting for the price to reach the resistance level and wait for its reaction. But we are looking to short the market as the higher timeframe is still bearish.