Chart : 1Hour
Overall Trend : Bullish
Current Market Structure : Consolidation
Scenario 1 :
Price is failing to break below 38800 , as we can see that is a strong demand area to push off on . Will wait for a break towards the upside . Will find entry on lower timeframe . We are forming a bullish chart pattern
Overall Trend : Bullish
Current Market Structure : Consolidation
Scenario 1 :
Price is failing to break below 38800 , as we can see that is a strong demand area to push off on . Will wait for a break towards the upside . Will find entry on lower timeframe . We are forming a bullish chart pattern
UNFORTUNETLY SET UP DID NOT PLAY OUT AS PLANNED , WE DID MANAGED TO CATCH SOME PIPS BEFORE THE DROP