In my previous ideas, which are hidden now becuase they are published in turkish to global community, I strongly mentioned that we were closing to profit realization and strong resistance area. It has happened now after we have seen pullpack through ascending wedge support that has become resistance now.
We will see a few dead cat bounces from local support zones for a while, which are highlighted with white lines, until we reach critical first support at 96.415 level. All major support lines are hghlighted with red horizontal lines in my analysis.
All higher timeframes starting from 4H seem to be very bearish now. If we cannot hold 96.415 level, we will most porabably retest lower lows for 94.579 and 89.122 major supports.
I extremely recommend not to open any position until we see a clear confirmation with 4H close.
Please see my hidden ideas as below.
We will see a few dead cat bounces from local support zones for a while, which are highlighted with white lines, until we reach critical first support at 96.415 level. All major support lines are hghlighted with red horizontal lines in my analysis.
All higher timeframes starting from 4H seem to be very bearish now. If we cannot hold 96.415 level, we will most porabably retest lower lows for 94.579 and 89.122 major supports.
I extremely recommend not to open any position until we see a clear confirmation with 4H close.
Please see my hidden ideas as below.