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This level now is prime fomo level for retailers , dont get caught in longs here unless u wanna run the risk of being shook out with a spike down to previous 4 hr lows.
if bulls can get 200 under their belts , i think 240 is the next likely target
Price has made new lows. Pull back phase underway with untested demand at 6000. Bearish until we make a new high at-least on the daily chart.
As price has bounced from demand filling previous supply i am looking for long opportunity's if / when price pulls back in the LTF.
Expecting price to continue on and and test supply at the 1.0500 handle on the weekly chart unless we reject the area of resistance we are at now and break the previous low. Until that happens i am bullish on this pair.
right translation at demand.
Price is at 4 hour supply and put in a bearish engulfing at the zone , expecting a pull back to demand / next level of 4 hour structure