Yesterday's levels worked well as market dipped off PZ, dropped to the support zone below before rallying back to the PZ. But there was a pullback again towards the end of the day.
Are we going to see a repeat of last Tuesday? Price is still below the BZ thus, cautious on the up move. Ideally, from current looks, we would want market to make a higher low (it could test the lows and rebound).
Lots of news today from UK, Europe and US thus it would decide this next move. But anyway, IMO, I would try a long if price goes back above PZ 14748 for a move to 14860 (50 Fib) and 14954 (possible high for today).
Are we going to see a repeat of last Tuesday? Price is still below the BZ thus, cautious on the up move. Ideally, from current looks, we would want market to make a higher low (it could test the lows and rebound).
Lots of news today from UK, Europe and US thus it would decide this next move. But anyway, IMO, I would try a long if price goes back above PZ 14748 for a move to 14860 (50 Fib) and 14954 (possible high for today).
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Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.