Price is in major bearish trend, but since last week made a nice rejection to come back to the upside. After looking at 3M timeframe continue to lower timeframe I can share my analysis according to structure that I am looking at this moment. Things can change and we just need to adapt with the market situation. All necessary explanations are described within the...
Never Predict, Always Adapt. This will be updated in Pre London Session.
Analysis followed by other timeframes details in the comment section. its an opinion, not 100% guaranteed.
Post Daily Closed Analysis 23/03/2021
Post Daily Closed Analysis 23/03/2021
Price broke the previous Daily Low, so I can't do anything at the moment but it is a bearish structure now.
Bullish on GJ following my previous analysis.
For this pair, Im looking for buy opportunity.
I personally decided to not take anything as of today and prefer to wait Daily candle to close. No rush on Monday and also day is almost finished. Risk smart.
At the moment, Im looking for buy in this pair as it has made a new lower low in the bullish trend. In order to shift the trend, price logically needs to create a structure of Lpwer Highs. I have the first target which is around 151.450 zone. The reason for that is because that zone can be a potential rejection area, 4h manipulation structure and supported by...