DislikedH1 Plan for Monday I added a snapshot of H4 onto my H1 chart below. There you can see that my H4 potential resistance level during London opening would be located roughly around ~1.1634, which is almost perfectly in sync with my H1 resistance level: 1.16385... I am anticipating that this zone will act resistant. I will try to sell that zone once/if price gets there... Normally, 1.1619 was actually my nearest selling spot on H1, but we had a rebellion candle before the week ended. Therefore, I don't want to sell while H1 candles are opening now above...Ignored
However, we should be prepared another run up to 1.1664+-. The reason I feel so is the DXY did not manage to close above 99.40. That leaves open another drop to 99.04 creating a triple bottom in the daily and double bottom in the weekly. (see chart in the posting above)
Sorry for referring to the DXY but I noticed that in the last time the tendency that the DXY is giving often a clearer and cleaner picture of that what plays out in the market.
3