Trend(Daily/Weekly/Monthly): Up/Up/Up
Late post today. Selling occured in Asian session but buying up now in European. Based on price action, price is still quite in an uptrend so tough to be bearish. We need another sudden sellling wave to come but momentum seemed to have slowed for now.
My blue bias zone is at 12177-87, which we are now still above it. H4 looks very bullish now if you want to short, look for better location.
Above R are 12249, 12304, 12349 and 12419 should cap high of day.
Below 12177, supports are at 12139, 12097 and 12065-12077, strong support zone which should cap low of day. 12009 will be lower support for reference.
Personally, I might go counter-trend short if 12249 fails, targeting the blue zone and watch for reaction for next move.
Late post today. Selling occured in Asian session but buying up now in European. Based on price action, price is still quite in an uptrend so tough to be bearish. We need another sudden sellling wave to come but momentum seemed to have slowed for now.
My blue bias zone is at 12177-87, which we are now still above it. H4 looks very bullish now if you want to short, look for better location.
Above R are 12249, 12304, 12349 and 12419 should cap high of day.
Below 12177, supports are at 12139, 12097 and 12065-12077, strong support zone which should cap low of day. 12009 will be lower support for reference.
Personally, I might go counter-trend short if 12249 fails, targeting the blue zone and watch for reaction for next move.
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