After level 1 rise in the daily, retracement sets in which is likely to present as 3 level drops on the H4. Hence, a short term sell to the notable H4 bullish order block before the daily level 2 in line with the trend.
Daily, H4, H1 in an uptrend. Two pushes up are already given in the London session (15M). A trend continuation is expected in the new York following a reset as projected in the analysis.
A peak low reset has occured on the daily chart. Two level of rise has been made and a stop hunt low is obvious. A potential W is forming on 15M time frame. A Long position in the new york is logical.
The bearish cycle seem to have begun on the daily time frame. A M formation on the 4H time frame is forming. The london will move the price higher in three pushes and will be followed by a reversal to fully form 4H M
The bullish cycle has just been completed on the daily time frame. Reversal is imminent and bearish cycle is highly expected. Three pushes to the high in london session will be followed by a new york reversal.
