Big Pip Movements Coming Soon
The Daily zone is congruent with the monthly & weekly resistance zones. I am expecting price to push up into the zone and reverse, since we are in a downward trending channel. However, the possibility of a bullish breakout or overshoot is still there to consider. If this were to happen, I would look for a break of the resistance, retest, and then bullish engulfing to continue this bullish push. Overall my bias is bearish. I believe if this correction rejects big pip movements are to be expected.
Green Lines represent an APPROXIMATE Take Profit Level. Please fine tune on smaller charts preferably 4hour.
Green Lines represent an APPROXIMATE Take Profit Level. Please fine tune on smaller charts preferably 4hour.
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