HTF daily and 4 hr are bearish.
That said the current 1 hr ltf is bullish.
152.2 is confluence of 4hr bear trend line
and also a weak 1 hr resistance area.
Rejection of this area at London open can give
us a nice scalp down.
We can also turn 152.2 into support, invalidate
the 4 hr bear trend and have bullish continuation to 152.5 area.
That said the current 1 hr ltf is bullish.
152.2 is confluence of 4hr bear trend line
and also a weak 1 hr resistance area.
Rejection of this area at London open can give
us a nice scalp down.
We can also turn 152.2 into support, invalidate
the 4 hr bear trend and have bullish continuation to 152.5 area.
Kommentera:
Respected the 4hr line. We're tapping the 1hr line (bull) as we go into London open. Break and retest of this somewhat 1hr minor level can provide entries to continue selling.
Kommentera:
We didn't get the break and retest. So no sells made.