H4 Status Update
Bulls have slowly sneaked their way above my Dashed-RED trendline: 1.1277 and therefore I am marking 1.1275 area roughly as nearest support.. Additionally I see these things:
Bulls have slowly sneaked their way above my Dashed-RED trendline: 1.1277 and therefore I am marking 1.1275 area roughly as nearest support.. Additionally I see these things:
- NFP might boost bulls to retest 1.1297 area but I am not sure if that level will break!
- After or during NFP we still might get a shake out on both sides and therefore I still see 1.1245/60 area as potential buy zone (but I am not planning to sell highs after today because if you just look at the H4 chart below, and with neutral eyes, you will immediately get we have been in a bull flag and that we probably will have one more swing to the upside.. Just by looking at current structure a bullish wave is likely imho)..
I hope it helps..
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