Daily and H4 Comparison
For today 1.1755 area is upmost importance...
For today 1.1755 area is upmost importance...
- On Daily chart candles are still above steep TL and this gives bulls the upper hand!
- On H4 the breakout has already occurred but there is not much bear pressure coming yet.. For this timeframe (with leading daily chart in mind) I have 3 scenarios:
- We might see a retest attempt to previous highs first before it retests support area for a 2nd time..
- We might see a direct bearish breakout..
- We might see a retest attempt to previous highs followed by a bearish breakout..
- One last scenario is of course none of the above and continuation of bull trend..
Let's see what time will tell.. Again: bulls still have the upper hand based on DAILY but bears are sort of gaining some power based on H4 (notice the macd divergence also).
Stay Green
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