DAILY
Just had an expanding wedge and price is building more into the wedge. 38655, shows us further price movement to possibly the upside.
4H
38600 is a form of some support, look left and you will see the test / rejection and sensitivity around this price. The expanding wedges are just giving us signs that there's bearish pressure when they happen. So we are adding to our confluence.
1H
38555, bouncing here and rejection. This should not tell us that we are going up, it's just indication to stay watching.
15Min
Stay away
NB!!!!!!!!!
NFP FRIDAYS WE ONLY TRADE AFTER NFP TO AVOID DOING THE WRONG THINGS.
Just had an expanding wedge and price is building more into the wedge. 38655, shows us further price movement to possibly the upside.
4H
38600 is a form of some support, look left and you will see the test / rejection and sensitivity around this price. The expanding wedges are just giving us signs that there's bearish pressure when they happen. So we are adding to our confluence.
1H
38555, bouncing here and rejection. This should not tell us that we are going up, it's just indication to stay watching.
15Min
Stay away
NB!!!!!!!!!
NFP FRIDAYS WE ONLY TRADE AFTER NFP TO AVOID DOING THE WRONG THINGS.