The market is currently in search of a HL to push off from in order to continue the uptrend in the already defined channel on H4 and H1 tf. So a clear break and retest below the rectangle on lower tf signals entry
Entry : 3940
SL: 3980
TP 1: 3864
TP 2: 3833
TP3: 3785
General trend is a down trend on daily time-frame. Triangle pattern correlated with the US 30 but with more bullish strength. Weekly bias (long) from break above 3880 zone till 4076 level. Else break below 3850 zone drags market price down to 3806 (intraday bias).
General trend is a down trend on the daily time-frame. Triangle pattern correlated with US 30 but with more bullish strength.
Weekly bias(long) from break above 3880 zone till 4076 level. Else break below 3850 zone drags market price to 3806(intraday bias).
Currently trading in a downward channel since January on the daily tf. Triangle pattern emerges with equal bullish and bearish strength.
A break above Triangle resistance level & 31427 to consolidate there will signal buy entry up till 32673 (weekly bias). Else look to capitalise from bearish strength from 31150 to 30500(intraday bias).
