Grey area is yet to be tested.
Red 4H resistance confluent with 21 ema.
0.32 fib line is confluent with a previous 1H shooting star
1D resistance is also just above the grey area
Sell: 129.13
T1: 128.56
T2: 127.97
Stoploss: 129.73
Downward move is imminent (signal given on indicator), current candle is looking bearish as well as forming on a supply zone.
Depending on the open signal recieved on the 2pm candle, stop loss may have to be moved up to the 135.09 resistance, but it looks ok for now.
This trade shouldn't be taken till the beginning of the 2pm (gmt) candle for lower risk.
T1 ~...
Currently consildating at the moment, the indicator shows that the move upwards after hitting the support level is still incomplete. Also sitting on the one day trendline which looks like it is being respected.
T1 ~ 1.5462
T2 ~ 1.5507
SL ~ 1.5365
A potential head and shoulders has formed, I think consildation just above the blue demand could lead to a break downwards which would complete the bullish gartley pattern that has formed.
A bounce back off the Supply (recent dashed blue demand) could lead to 1.618 retracement as shown, which is also the previous support level that was tested last friday.
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