Price rejected from 100 EMA on 4hr time frame and Stoch showing slight sign of momentum..As we enter the Asian session, expecting some strength from the Kiwi. In addition, Swiss showing some signs of exhaustion.
Price is in a bearish landscape. Here is an opportunity to short and stack on pull backs. Strong support is approaching but price is also beneath the EMA on the daily time frame, causing me to believe that price will proceed with the Bears.
My previous analysis had price climbing to a higher point on a higher time frame. Here is a new idea for my road map. Expecting price to get exhausted around the 50% ratio during Asian session for a short.
Price remained around all 3 EMAs displayed for support and created what appears to be a bullish flag. Measuring distance, there are 350+ pips for the post & 350+ pips for the flag. Long Bias to resistance zone shown.