On H4, the price has broken the down trend channel and making a Higher High. From 27 January to date, the price movement is forming another flag on the higher band; also, to add some confluences, if we observed the Price Action on the candle stick, there were some rejection to go down.
Based on the above, I think the price will pick up some liquidity at $1,417 area prior going down. Short term (1-2 days) will be bullish as we are still in bullish flag area.
@machintose the bullishness ended up very short term. What level did you sell at or going to sell at for target? Curious. I'm still watching the chop for better direction.
machintose
⋅
@farmerisland, I placed 2 Pending (Sell) Order:
(1) $1,400
(2) $1,417
You are right, now it is not a good time to sell (yet).