H1 Status Update
- As long as candles open above blue zone: 1.1794 bulls have the upper hand. For now pa is slow because candles have to break out of yellow triangle.
- The resistance areas bulls have to deal with are: RED TL (currently resisting), my BLUE wma-144 line: 1.1817 area and finally my H1 channel upper edge: 1.1839. These levels could be used as sweet spots for scalper selling or to close longs!
- The support areas bears have to deal with would be: 1.1794, then my GREEN line: 1.1788 area and finally my Dashed-BLUE TL.. I would invest in selling only if candles open below my Dashed-BLUE TL.. Otherwise I still would use these spots for scalper buying or to close scalper sellings.
- Not much volume here so it would be better to continue after a breakout or after tomorrows Frankfurt or London opening.
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