Daily: Price has broken structure to the downside, as well as a Bearish ema crossover to the downside.
Price is below the 100 and 50 EMA.
price has pulled back to and pushed back down from the 50% Fib level.
Daily: BEARISH
4H: price was bearish within the 4H, it did break structure due to fundamental events, but has since closed the IMB to the upside, price has formed IMB to the down side which may need closing and is currently sitting in a liquidity zone, with a wick down.
1H: Price is Bearish due to break structure to the downside and closed the IMB from yesterdays news causing downside imbalance.
Assessment: I would like to see price retrace to at least the 50% with the 618 being the ideal sell limit order zone.
Price is below the 100 and 50 EMA.
price has pulled back to and pushed back down from the 50% Fib level.
Daily: BEARISH
4H: price was bearish within the 4H, it did break structure due to fundamental events, but has since closed the IMB to the upside, price has formed IMB to the down side which may need closing and is currently sitting in a liquidity zone, with a wick down.
1H: Price is Bearish due to break structure to the downside and closed the IMB from yesterdays news causing downside imbalance.
Assessment: I would like to see price retrace to at least the 50% with the 618 being the ideal sell limit order zone.