The price is shown that it has been creating HL & LH. There is a strong bullish momentum prior to the bounce of the 50 ema on 1hr chart
The price has came up to the higher liquidity zone and has shown signs of exhaustion. There is a good potential shorts with 1:4 RRR
Expecting a breakout down short as the price tried to push above back to the previous resistance high but it's at a point of a break of consolidation
The price recently rejected off of the uptrend after seeing the exhaustion of huge bullish moves
We're currently seeing an uptrend weakening as has approached the weekly downtrend, on top of the daily closing candle is also a doji . I'll be entering a sell with a decent RR ratio with 3:1 back down to the lower liquidity zone.
The prices have been consolidating creating a range bound zones between 1.29799 & 1.27732 for little over a month at this point. The 1.27732 level has been the previous points of resistance in the past, in which has now become a current support. The current trajectory is looking like it will cross this point and depending on how the daily candles close below or...
Thought that the market would bounce off of the bearish range resistance before climbing back up to the midway point, in which that would continue the range-bound activity for further event or news. It turns out that the analysis was incorrect and I've lost over 40 pips before I had to close it and proceed into a further loss. It is currently looking like it'll...