Overall it's a bullish trend. Recent reports may seem to favor strength in the USD.
This S/R area has proven to somewhat strong.. There's data all the way back to 2014 although I don't think it's necessary. Most recently, S/R has given way to bears but very briefly.
I may look to open a position given the bullish sentiment. Only issue is if I look left, we can see the small consolidation that happened. Does it mean the S/R area above will not allow bulls to push through?
This S/R area has proven to somewhat strong.. There's data all the way back to 2014 although I don't think it's necessary. Most recently, S/R has given way to bears but very briefly.
I may look to open a position given the bullish sentiment. Only issue is if I look left, we can see the small consolidation that happened. Does it mean the S/R area above will not allow bulls to push through?
Why? Probably biased against CHF pairs as it has been losing me money. Need a fresh start on CHF pairs.