H4 Status Update
Yesterday bears couldn't push price back to retest 1.1080 area and today because of the delay most current Dashed-RED TL touch level now shifted to 1.1065.
An important detail here is that this touch will now happen below GREEN line and therefore becomes a risky buy trade! Still possible though so I will buy carefully there and watch if candle can go back above GREEN line. If I see strong resistance I would switch to selling.
If bulls can break through RED TL then we don't need to discuss support anymore and we could plan to watch if bulls can break monthly resistance 1.1200 or not. Time will tell..
*Based on H1 I also watch 1.1148 resistance and 1.1090 support! H1 is currently bearish so I expect some downside pa!
Stay Green
Yesterday bears couldn't push price back to retest 1.1080 area and today because of the delay most current Dashed-RED TL touch level now shifted to 1.1065.
An important detail here is that this touch will now happen below GREEN line and therefore becomes a risky buy trade! Still possible though so I will buy carefully there and watch if candle can go back above GREEN line. If I see strong resistance I would switch to selling.
If bulls can break through RED TL then we don't need to discuss support anymore and we could plan to watch if bulls can break monthly resistance 1.1200 or not. Time will tell..
*Based on H1 I also watch 1.1148 resistance and 1.1090 support! H1 is currently bearish so I expect some downside pa!
Stay Green
Be a seer, not a looker!
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