Really starting to like this pair. Just profited from Asian open push!
Anyways... Everything points down, Daily topped off, We are now in a new 4HR S/R area.
The 1HR shows lower highs, I'm expecting a retest of resistance before we start pushing
Happy trading :)
The daily still shows quite bullish structure along with the 4hr. We saw a double top at 4hr resistance then price pushed down to 4hr support.
We are currently in the range of the 4hr S/R after the 1hour bounced off 4hr support with a morning star.
I see the recently swing down as a retracement of the overall trend but this will depend around 112.750 since we...
Daily: Downtrend, wick range to be filled?
4HR: Loads of space to the next zone
1HR: Price rejected off 1HR support so we may see a retracement
15MIN: Seeing a double top and down swings
OUTLOOK: Price is in an overall bearish momentum, we may see a
pullback to the last 4HR resistance zone before a pushdown. Otherwise
I'm waiting for a close below nearby...
We are seeing have seen heavy rejection and fake breakouts from this 4HR current resistance including a doji/kangaroo tail. With the wicks making lower highs.
On the 1hr we are starting to see swings to the downside with a clear retest of resistance.
The 15min has a trend line acting as support. My overall view on this pair is bearish.
I’ll be looking to take a...
I feel like we are going to range again with this pair, 4hr pushing up but currently retracing on the 1hr.
Await higher highs and/or a touch of 1hr resistance before entering into a buy position I'll be holding this