Price fell straight down to this strong area of support.
30min candle displayed strong price rejection, which is also indicated on the huge wick on the (1pm-5pm) 4HR candle.
My sentiment is now currently BULLISH until around 107.200 level. However if we do get a 30min candle to close below 107.732 area it could be safe to head bearish until around 106.461.
Let's see how the rest of the week plays!
30min candle displayed strong price rejection, which is also indicated on the huge wick on the (1pm-5pm) 4HR candle.
My sentiment is now currently BULLISH until around 107.200 level. However if we do get a 30min candle to close below 107.732 area it could be safe to head bearish until around 106.461.
Let's see how the rest of the week plays!