Potential Setup as per the below
Bias – Bullish
The Dollar is strong currently so expecting this to continue bullish
Option 1 – Wait for price to take out liquidity around the 4hr structure point and then continue with bullish momentum.
Option 2 - Wait for price to retrace back to circa 71 Fib level of the bigger move, show signs of depletion, before continuing with bullish momentum.
Bias – Bullish
The Dollar is strong currently so expecting this to continue bullish
Option 1 – Wait for price to take out liquidity around the 4hr structure point and then continue with bullish momentum.
Option 2 - Wait for price to retrace back to circa 71 Fib level of the bigger move, show signs of depletion, before continuing with bullish momentum.
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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.