LOOKING AT THE BREAK OF PRICE AT BOTH ENDS, IT MUST BE NOTED THAT A ABOVE RANGE IS MUCH MORE EXPECTED THAN THE BREAK BELOW RANGE AS THE MARKET WAS IN A STRONG BULLISH MOMENTUM BEFORE THE MARKET STARTED TO TRADE SIDEWAYS BETWEEN 117.188 HH AND 116.247 HL.
PRICE SEEM TO HAVE STARTED CONTINUING WITH THE BULLISH MARKET, A BREAK ABOVE AND RETEST OF THE FLAG HIGHS WILL BE A MORE CONFIRMED MOVE TO THE UPSIDE, OUR TARGET IS @1.38772 WHICH WILL BE OUR NEW HH LEVEL
Daily and H4 analysis
We are experiencing our first signs of a bearish market as price trdaing below our OLD HH & HL STRUCTURES ON OUR H4 CHART. It must be noted that price made a trap move to the UPSIDE to crete a new High and trade immediate return to our broken High and close below it on the Daily chart. im expecting price to retest atleast 50% of the previous...