So this week, price for me is in a corrective parallel channel.
Im forecasting for price to either push up to break swing high
or to retest back down to swing low levels and look for a possible reversal to push upwards.
Im still leaning with the HTF bias to go long.
The picture above is a forecast on the Sydney/Tokyo session at 20:00 GMT .
We can see a HTF daily Descending channel with a HTF double bottom
as well as a larger inverse h & s pattern
Latest price action formed multiple impulse and correction within the parallel structure.
IF u guys have any questions on how I base my trading let me know in the comment section luv to work with y'all
Im forecasting for price to either push up to break swing high
or to retest back down to swing low levels and look for a possible reversal to push upwards.
Im still leaning with the HTF bias to go long.
The picture above is a forecast on the Sydney/Tokyo session at 20:00 GMT .
We can see a HTF daily Descending channel with a HTF double bottom
as well as a larger inverse h & s pattern
Latest price action formed multiple impulse and correction within the parallel structure.
IF u guys have any questions on how I base my trading let me know in the comment section luv to work with y'all
Atm im forecasting two possibilities the first is to push upwards from 0.63143 level with a reversal impulse or to push past down that level and to the bottom of the structure and form a reversal at 0.61925
Also because of news price was volatile this week, hopefully next week is cleaner or cleaer