Weekly:
Closed previous week right at previous weekly support area. Trend is bearish, but won't be surprising to see a bounce off the support area. Bounce continues.
Daily:
So we continued bullish yesterday and broke through a minor resistance. I think we're trying to find support at the green box so that we can continue up.
4hr:
We broke out of a 4hr range yesterday and invalidated the previous lower high in the bearish trend on the left. (Green line)
Finding support on the green line will give us momentum to head up.
1h:
If we can close this current 1hr candle green, it would be a high risk scalp up. Otherwise, break and retest of the grey box during London open will work best.
Closed previous week right at previous weekly support area. Trend is bearish, but won't be surprising to see a bounce off the support area. Bounce continues.
Daily:
So we continued bullish yesterday and broke through a minor resistance. I think we're trying to find support at the green box so that we can continue up.
4hr:
We broke out of a 4hr range yesterday and invalidated the previous lower high in the bearish trend on the left. (Green line)
Finding support on the green line will give us momentum to head up.
1h:
If we can close this current 1hr candle green, it would be a high risk scalp up. Otherwise, break and retest of the grey box during London open will work best.