Market went higher but sold back down to daily BZ. My long term level 4150 provided a nice short. But how bearish the current move?
Price opened within the BZ; re-tested yesterday's low but is now higher. Now staying above OP, we could first see a move to 4110 and even 4120. If market open European session at around 4110, look for possible reversal with divergence. 4120 applies for US session (but it depends on how market move). Below BZ, look for bearish continuation for a move lower. to weekly BZ
Price opened within the BZ; re-tested yesterday's low but is now higher. Now staying above OP, we could first see a move to 4110 and even 4120. If market open European session at around 4110, look for possible reversal with divergence. 4120 applies for US session (but it depends on how market move). Below BZ, look for bearish continuation for a move lower. to weekly BZ
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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.