All moves to the upside are --> Relief Rallies? 🤨

Market sentiment people, that's what we are trading at this point.
0:0 Monthly timeframe
2:05 weekly timeframe
3:30 Daily timeframe
5:50 4hr timeframe
9:11 1hr timeframe
11:40 recap of recent trade
Combining technicals and fundamentals. Technicals clued us in the last few days of July. Fundamentals confirmed out thoughts on Aug 10th. The market is trending to the downside. Do you think we have more to give? Probabilities are there but you can be right and still lose. Waiting on confirmation after a retracement to 1.09 weekly level would be most ideal but we might just drop without a retest. I think it's possible that we can probe further into the daily support zone at 1.0853







Critical thinking and rational has helped me be on the right side since late July. Check the publishing linked below from July 31st.

Kommentera:

The weekly candle will either pullback up and create a larger wick to end the week or continue to pull further down. During londo price pulled down and as we were anticiapting a drop back into the daily support zone 1.0853. the 4hr candle closed above 1.0853 leave a bottom wick. the new 4hr candle has so far gone up and we are currently testing the 1hr zone 1.0871. observing closely how candles close surrounding this level