Price rallied to the upside after breaking to the upside on both the weekly and the daily timeframe, that makes this pair bullish.
There have been a little bit of consolidation on the 4hr timeframe
Price also recently took out the buyside Liquidity and currently looking for sellside liquidity to reach for.
If price should break to the downside and close below the 85.90 mark, then I am bearish on the 4hr Timeframe
Also, if price should close below 85.90, then I would want to see price reach into the sellside Liquidity at 84.99 and also the FVG that is below current market price
There have been a little bit of consolidation on the 4hr timeframe
Price also recently took out the buyside Liquidity and currently looking for sellside liquidity to reach for.
If price should break to the downside and close below the 85.90 mark, then I am bearish on the 4hr Timeframe
Also, if price should close below 85.90, then I would want to see price reach into the sellside Liquidity at 84.99 and also the FVG that is below current market price
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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.