DislikedPrice spiked up and closed above 4H trend line...that should mean we now looking for a pullback to that line which should act a support in order to go long?
Or are we careful as the spike yesterday was caused for no fundamental reason just low liquidity, and just ignore the extreme spike and thus looking to go short?
I'm with the former based on pure technical reasons. Price is sitting near the 4H line and horizontal support is just below. Thus long with stop below the 4H and horizontal support line...if it breaks then support broken...Ignored
I think you will find that the spike yesterday afternoon NY time was caused by a very successful (well bought) $28 Billion auction of 7 year T-Bills. (Look out, China is back in buying up USD assets again).
And I love your charts...they are exactly identical to mine... Netdania??? (Free, accessible anywhere, easy to use, and saves me opening up my platforms in insecure connections when traveling)