Reasons for bullish bias:
-Rejection at: Key level area 1.1000 + Bullish trendline + Fibonacci zone 0.5 - 0.618
-Break of local bearish trendline
-Higher highs and higher lows
-Crossing above EMA50
-Market sentiment is at 57% long positions
Confirmations to look for:
-Breaking above 1.1030 key level / retest of that key level
or
-Retest and rejection at bullish trendline
This is just idea, not trading advice, use at own risk.
-Rejection at: Key level area 1.1000 + Bullish trendline + Fibonacci zone 0.5 - 0.618
-Break of local bearish trendline
-Higher highs and higher lows
-Crossing above EMA50
-Market sentiment is at 57% long positions
Confirmations to look for:
-Breaking above 1.1030 key level / retest of that key level
or
-Retest and rejection at bullish trendline
This is just idea, not trading advice, use at own risk.
Note
Rejection at 1.09870 level formed both bullish double bottom & tweezer bottoms candle pattern with long wicks, which seems bullish price action.Note
Still not confirmed, my bias may still change to bearish because of multiple rejections from above at trendline & 1.10030 area which is also previous resistance.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.