Look at comments below I will post my H4 chart as well!
Looking at AU you see the bears push down but almost immediately that movement got engulfed by the BULLS! Showing buyers are in the market, it then pushed past the LH and now is looking to do its slight pull back to move up!
I have my fibs PRZ Color coded, price bounced back and fourth from the 38.20% PRZ looking like it will push pass its Daily Resistance zone! If that happens wait for retest and enter but if not look for 50 or ideally 61.80 Rejection and enter! That is Plan A
Plan B it breaks past 61.80, wait for break of previous LL and get in for sell to Daily zone. Two Plans Always.
THINGS TO THINK ABOUT!
1- Price point is still under the Daily Bear Trend-line (Meaning you should look for sell ops) but it is close to a break Opportunity and looks to have the correct momentum since its making HLs as of now! (we will see)
2- LOOK AT H4, you will see major rejection to down side in the candles and price action!
3- CONSALIDATION MAY HAPPEN Between these two levels before price moves on be aware.
4-Lastly Look at DXY, It seems to show that US currency has dropped but news made it spike up so USD maybe back strong this week, changing this momentum in the opposite direction, keep that in mind and do not act until you see the right set up!
Good Luck and Follow my page for more chart break downs and news on potential trades to come!
No Days Off Till Every Day Is A Day Off! lets get it
Looking at AU you see the bears push down but almost immediately that movement got engulfed by the BULLS! Showing buyers are in the market, it then pushed past the LH and now is looking to do its slight pull back to move up!
I have my fibs PRZ Color coded, price bounced back and fourth from the 38.20% PRZ looking like it will push pass its Daily Resistance zone! If that happens wait for retest and enter but if not look for 50 or ideally 61.80 Rejection and enter! That is Plan A
Plan B it breaks past 61.80, wait for break of previous LL and get in for sell to Daily zone. Two Plans Always.
THINGS TO THINK ABOUT!
1- Price point is still under the Daily Bear Trend-line (Meaning you should look for sell ops) but it is close to a break Opportunity and looks to have the correct momentum since its making HLs as of now! (we will see)
2- LOOK AT H4, you will see major rejection to down side in the candles and price action!
3- CONSALIDATION MAY HAPPEN Between these two levels before price moves on be aware.
4-Lastly Look at DXY, It seems to show that US currency has dropped but news made it spike up so USD maybe back strong this week, changing this momentum in the opposite direction, keep that in mind and do not act until you see the right set up!
Good Luck and Follow my page for more chart break downs and news on potential trades to come!
No Days Off Till Every Day Is A Day Off! lets get it
