Here is the breakdown for today. We are overall in a bearish market, however, we have recently been in an uptrend.
After last weeks recent move we can only assume that it will retrace and retest that last zone we were at. And this zone is marked with a black box. To further add we think this is an important zone because this is the edge of the channel we we will be hitting so it perfectly sets up tomorrow’s sell position.
Today’s move up will also test the 200 ema on the 1 hour. This will be a 23 pip move for today.
If you like this analysis like this post and follow for daily analysis.
After last weeks recent move we can only assume that it will retrace and retest that last zone we were at. And this zone is marked with a black box. To further add we think this is an important zone because this is the edge of the channel we we will be hitting so it perfectly sets up tomorrow’s sell position.
Today’s move up will also test the 200 ema on the 1 hour. This will be a 23 pip move for today.
If you like this analysis like this post and follow for daily analysis.