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...
On the monthly, we have hit a little support level as we see the bears lose strength through the smaller bodied candlesticks. On the weekly, we have a trend line of support with the week opening on a doji candlestick and price giving us higher lows. This leads me to believe we are just having a retracement before price continues to push up. The daily clean closed...
Following up from my last analysis price continued to push down and we are now ranging within a 1HR support and resistance zone. I predict price will push to the bottom of this zone before making a bigger move to the upside or downside.
We have seen a lot of bearish movement from this pair over the last 2 weeks. Price is now in the daily zone which is the decision point for the continuation or reversal. If we look further into things we can see the balance of power. We see price matched its last high and bounced off resistance but we are seeing higher highs from support, in fact, you could draw...