On a 1H chart we have a bearish chart pattern (in case if the hour will be closed lower then previous hour's 50% range
Currently At weekly pivot
Price is currently at 38,2% Fibonacci retracement area (Filtered to 1H timeframe)
in a relation to 1H Chart
Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bearish PA patterns to begin with at 0.7150
"P.S.: Current short term analysis can look opposite to what I have posted of a higher grade. It happens because I’m reacting to a current market conditions, as big changes are starting with small. Also entry level on a higher grade chart can be a target on a lower grade chart"
"Any questions are welcome!!! just write down in comments. Your likes are much appreciated."
Currently At weekly pivot
Price is currently at 38,2% Fibonacci retracement area (Filtered to 1H timeframe)
in a relation to 1H Chart
Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bearish PA patterns to begin with at 0.7150
"P.S.: Current short term analysis can look opposite to what I have posted of a higher grade. It happens because I’m reacting to a current market conditions, as big changes are starting with small. Also entry level on a higher grade chart can be a target on a lower grade chart"
"Any questions are welcome!!! just write down in comments. Your likes are much appreciated."
