Confluence between 20EMA and 50EMA indicates some consolidation
and might be create a sharp leg to important areas 1705 (Broken Structure) and 1690 fibo.
We are expecting some consolidation( Range Bound) before Next bullish Run to 1744.
But Traders Be cautious Last time we were expected 1830 when market
was prevailing at 1815 and suddendly crashed after consolidation.
Confirmation:
Don't enter on dip only enter when market would place atleast
1H above 1715 and break 1720.
Target 1744
Good luck!
and might be create a sharp leg to important areas 1705 (Broken Structure) and 1690 fibo.
We are expecting some consolidation( Range Bound) before Next bullish Run to 1744.
But Traders Be cautious Last time we were expected 1830 when market
was prevailing at 1815 and suddendly crashed after consolidation.
Confirmation:
Don't enter on dip only enter when market would place atleast
1H above 1715 and break 1720.
Target 1744
Good luck!
