Sharp dip before massive Bulls?
* Monthly.
-Previous M1 Candles closed below 1.27731 Pivot high.
-Price broke 1.23106 Pivot Low but failed to retest.
*Weekly.
-Recently price formed lower high to 1.28222 directly below 1.27731 Monthly level (W1 Candles closed directly below it)
*Daily.
-Price approached and closed below 1.27731 Monthly level.
*4 Hour
-Bearish candles formed rejecting 1.27731 Monthly level.
IMO: Might be Bearish from 1.27731 to 1.23106 before Bulls take it away.
Swing trade short with potential 1:7 r:r
Just an opinion. Do your own analysis and let's share.
-Previous M1 Candles closed below 1.27731 Pivot high.
-Price broke 1.23106 Pivot Low but failed to retest.
*Weekly.
-Recently price formed lower high to 1.28222 directly below 1.27731 Monthly level (W1 Candles closed directly below it)
*Daily.
-Price approached and closed below 1.27731 Monthly level.
*4 Hour
-Bearish candles formed rejecting 1.27731 Monthly level.
IMO: Might be Bearish from 1.27731 to 1.23106 before Bulls take it away.
Swing trade short with potential 1:7 r:r
Just an opinion. Do your own analysis and let's share.
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