On the weekly chart price closed above bearish trendline but failed to form a full OHLC candlestick above it and fell , now is trading below indicating false bullish breakout. Price is reacting to liquidity pool ranging from 0.93229 to 0.92786 with price 0.92786 being proximal price for weekly chart supply peak which is in control of price and as of current price it dropped it -0.48% .
Price is approaching a level of imbalance on the 4HR chart which may be a stumbling block for price and add bullish momentum to price but from my analysis i am looking for price to break below and retest the imbalance as resistance pushing price further to the downside with targets at weekly level 0.91018.
I have learned to win without bragging and to lose without crying because nothing lasts forever but my love for the financial markets. - Pako "currencynerd" Phutietsile
Price is approaching a level of imbalance on the 4HR chart which may be a stumbling block for price and add bullish momentum to price but from my analysis i am looking for price to break below and retest the imbalance as resistance pushing price further to the downside with targets at weekly level 0.91018.
I have learned to win without bragging and to lose without crying because nothing lasts forever but my love for the financial markets. - Pako "currencynerd" Phutietsile