Short term intraday review of current possibilities
On a 1H chart we have a bearish chart pattern
At daily pivot
Price is currently at 50% Fibonacci retracement area (Filtered to 1H timeframe)
in a relation to previous swing Down
Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bearish PA patterns to begin with at 132.85
P.S.: Current short term analysis can look opposite to what I have posted of a higher grade. It happens because I’m reacting to a current market conditions, as big changes are starting with small. Also entry level on a higher grade chart can be a target on a lower grade chart
Any questions are welcome!!! just write down in comments. Your likes are much appreciated.
On a 1H chart we have a bearish chart pattern
At daily pivot
Price is currently at 50% Fibonacci retracement area (Filtered to 1H timeframe)
in a relation to previous swing Down
Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bearish PA patterns to begin with at 132.85
P.S.: Current short term analysis can look opposite to what I have posted of a higher grade. It happens because I’m reacting to a current market conditions, as big changes are starting with small. Also entry level on a higher grade chart can be a target on a lower grade chart
Any questions are welcome!!! just write down in comments. Your likes are much appreciated.
