Price ranging in approximately 35 pips range, sitting on a H4 previous consolidation, indecisive area with strong support level.
Upon breaking the H1 momentum trend line, creating bullish structure in lower time frame, price broke H2 resistance level but managed to closed below, that's one sign against our long bias.
But if lower time frames (M5, M15, M30) are able to maintain the structure at around 1.13955 region (10 pips +-), then our bullish market flow is still in bound.
Lower time frame structure is crucial in order to invalidate the H2 fake out, eyes on 1.13955 region for buy opportunity.
Upon breaking the H1 momentum trend line, creating bullish structure in lower time frame, price broke H2 resistance level but managed to closed below, that's one sign against our long bias.
But if lower time frames (M5, M15, M30) are able to maintain the structure at around 1.13955 region (10 pips +-), then our bullish market flow is still in bound.
Lower time frame structure is crucial in order to invalidate the H2 fake out, eyes on 1.13955 region for buy opportunity.
Order avbruten:
No bullish signal or candlestick confirmation presented in 1.13955 region.