The EJ previous move came out right, but now what is happening?
I see a retest of the daily bullish trendline that was respected, BUT has crossed now the supp that has turned ress, and seems to be respecting it.
The emas are bearish, we have some zones lower that can be used as supp, the 4h candlesticks dont help in this situation.
So what I would do, wait for a break of the pink stripe, if so i see it falling lower to the monthly supp 124.
If not and the 4H closes above the pink line, i might change my bias and look for buys, but for now im sightly bearish.
I see a retest of the daily bullish trendline that was respected, BUT has crossed now the supp that has turned ress, and seems to be respecting it.
The emas are bearish, we have some zones lower that can be used as supp, the 4h candlesticks dont help in this situation.
So what I would do, wait for a break of the pink stripe, if so i see it falling lower to the monthly supp 124.
If not and the 4H closes above the pink line, i might change my bias and look for buys, but for now im sightly bearish.
might have been a good idea to take some profits on 124.4