Price is currently below the 200 M.A and is now having what to me seems like a retracement. My overall BIAS is still a short but because anything can always happen in this market I've also got an BUY execution.
for me to continue to go short i will need to see a break of my C.T.L on the 4HR TF but before that happens i believe we will see a retracement to either the 0.38 which is in confluence with the 200 M.A or the 0.61 which is in confluence with New RESISTANCE.
For me to go Long(BUY) price will need to break the MAIN T.L and also break and close above the barrier in yellow (RESISTANCE) on the the DAILY TF for me to go long to my upside targets.
for me to continue to go short i will need to see a break of my C.T.L on the 4HR TF but before that happens i believe we will see a retracement to either the 0.38 which is in confluence with the 200 M.A or the 0.61 which is in confluence with New RESISTANCE.
For me to go Long(BUY) price will need to break the MAIN T.L and also break and close above the barrier in yellow (RESISTANCE) on the the DAILY TF for me to go long to my upside targets.
