This to me is looking like a rising wedge formation - which as we know, has a bearish bias.
Another break and retest scenario has taken place much like what we saw on GBPUSD (positive correlation observed).
I am however going to use that H4 supply zone to validate my shorting positions. If broken then I will re-evaluate.
For now I am just patiently waiting for NY session then I execute my entries.
All the best :)
Another break and retest scenario has taken place much like what we saw on GBPUSD (positive correlation observed).
I am however going to use that H4 supply zone to validate my shorting positions. If broken then I will re-evaluate.
For now I am just patiently waiting for NY session then I execute my entries.
All the best :)