1 confluence of the S/R (green) flipzone and the bottom of the yellow channel
2 top of blue channel "neckline" of HnS if you want
top blue tl and bottom yellow tl constitute a possible wedge on the right side
if/ when it breaks down,.. first target is middle blue around 1.2650, ... second is lower horizontal greel just above 1.25
if it holds upper target for me is 1.34
it has bounced off the yellow bottom quite forcefully before, so tomorrow should be an indication
short term scalp my bias is up
long term down
2 top of blue channel "neckline" of HnS if you want
top blue tl and bottom yellow tl constitute a possible wedge on the right side
if/ when it breaks down,.. first target is middle blue around 1.2650, ... second is lower horizontal greel just above 1.25
if it holds upper target for me is 1.34
it has bounced off the yellow bottom quite forcefully before, so tomorrow should be an indication
short term scalp my bias is up
long term down
Comentarios:
on the break of the blue channel we have an engulfing H4 candle back into the channel so rather strong rejection
oil got a boost
i'm short from 1.3065, sl at BE
oil got a boost
i'm short from 1.3065, sl at BE
long term bias is still down but made some pips on this move up