Weekly:
Price is in a nice range. It cannot be determined which way the breakout will occur but this range configuration is enough to enter a trade.
Daily:
Price is in the center of the range touching down at major support levels. It needs a little help to break through the support.
4 Hour:
Since we are shorting this trade we are to find good ares to enter at. There is a nice bat formation. 1.618 or 2.618 fib levels is where price will most likely hit before its continuation down. Observe 1.12500 and 1.14800.
Wishing everyone a good trading week!
Price is in a nice range. It cannot be determined which way the breakout will occur but this range configuration is enough to enter a trade.
Daily:
Price is in the center of the range touching down at major support levels. It needs a little help to break through the support.
4 Hour:
Since we are shorting this trade we are to find good ares to enter at. There is a nice bat formation. 1.618 or 2.618 fib levels is where price will most likely hit before its continuation down. Observe 1.12500 and 1.14800.
Wishing everyone a good trading week!