Large sell off however, trading within trend lines. I believe it will consolidate around 1.13370, then making a move to the top trend line, in line with previous highs of consolidation in previous days. Has found resistance around this level previously this month.
Will await re-test of the bottom trend line and confirmation of consolidation around 1.13365-1.13370 for the next few hours before entering.
Let me know what you think of my analysis!
Will await re-test of the bottom trend line and confirmation of consolidation around 1.13365-1.13370 for the next few hours before entering.
Let me know what you think of my analysis!
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Showing signs of perhaps moving bullish prior to initial arrow marking. Awaiting movement and close of the next hourly candle to decide to trade or not.
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