Hi
Depending on your trading style, account size and lots there is potential for both bulls and bears.
Few things minor structure shows a pull back, potentially to 12240 or 12195. If price does not hold 12175 in the 4hr. Meaning if price closes near and pushes below next level will be 12100.
However there is an inverted hammer in the 4 hr that could created a bullish pushup (merely a correction or pullback). The push up could go to 12420 area, close to retesting the trend and well as creating a new LH. If price pushes up to 12420 wait for it to come back to 12390 before looking for a sell. If prices pushes back to 12390, that is a potential 250 units 2500 pip sell move.
Also note the high of the pullback 61.8
Depending on your trading style, account size and lots there is potential for both bulls and bears.
Few things minor structure shows a pull back, potentially to 12240 or 12195. If price does not hold 12175 in the 4hr. Meaning if price closes near and pushes below next level will be 12100.
However there is an inverted hammer in the 4 hr that could created a bullish pushup (merely a correction or pullback). The push up could go to 12420 area, close to retesting the trend and well as creating a new LH. If price pushes up to 12420 wait for it to come back to 12390 before looking for a sell. If prices pushes back to 12390, that is a potential 250 units 2500 pip sell move.
Also note the high of the pullback 61.8