Reasons for bullish bias:
-Rejection at: Key level area 1.1000 + Bullish trendline + Fibonacci zone 0.5 - 0.618
-Break of local bearish trendline
-Higher highs and higher lows
-Crossing above EMA50
-Market sentiment is at 57% long positions
Confirmations to look for:
-Breaking above 1.1030 key level / retest of that key level
or
-Retest and rejection at bullish trendline
This is just idea, not trading advice, use at own risk.
-Rejection at: Key level area 1.1000 + Bullish trendline + Fibonacci zone 0.5 - 0.618
-Break of local bearish trendline
-Higher highs and higher lows
-Crossing above EMA50
-Market sentiment is at 57% long positions
Confirmations to look for:
-Breaking above 1.1030 key level / retest of that key level
or
-Retest and rejection at bullish trendline
This is just idea, not trading advice, use at own risk.
Commentaire:
Rejection at 1.09870 level formed both bullish double bottom & tweezer bottoms candle pattern with long wicks, which seems bullish price action.
Commentaire:
Still not confirmed, my bias may still change to bearish because of multiple rejections from above at trendline & 1.10030 area which is also previous resistance.