AUDUSD Bearish After Hawkish Fed Remarks!Hey Traders,
In the coming week, we are monitoring AUDUSD for a potential selling opportunity around the 0.69200 zone. AUDUSD is trading in a broader downtrend and is currently in a correction phase, with price approaching the 0.69200 support and resistance area, a key resistance zone that could provide an attractive opportunity for bearish continuation.
From a fundamental perspective, the U.S. Dollar continues to find support after Fed Governor Kevin Warsh's hawkish remarks, which reinforced the view that the Federal Reserve may need to maintain a restrictive policy stance if inflation remains persistent. His comments have strengthened the higher-for-longer narrative, supporting Treasury yields and the U.S. Dollar.
This creates a challenging environment for AUDUSD. The Australian Dollar, being a risk-sensitive currency, tends to underperform when the U.S. Dollar strengthens and markets price in tighter U.S. monetary policy. As long as the Fed maintains a hawkish tone, the balance of risks continues to favor further USD strength.
With price correcting into the 0.69200 resistance zone within a broader bearish structure, the current rally may present an attractive opportunity for sellers.
As long as price remains below the 0.69200 resistance zone, the bearish structure remains intact, and we anticipate continuation toward lower support levels.
Trade safe,
Joe
Technical Analysis
How I Confirm TRIX Divergence on Gold
This XAUUSD 1H chart shows two examples of how I use TRIX divergence together with price structure confirmation.
In the bearish example, price continued to hold near the highs while TRIX momentum was already weakening. For me, the divergence was an early warning, not an automatic sell signal.
The setup became more relevant only after price broke the local ascending structure. The structure break provided confirmation that the loss of momentum was beginning to affect price.
The bullish example shows the opposite sequence. Price moved into a lower area while TRIX formed a stronger momentum structure, creating a possible bullish divergence.
Again, the divergence itself was only a warning. I waited for price to break the local descending structure before considering the recovery scenario.
For me, the sequence is:
Divergence → momentum warning → structure break → possible trade scenario.
This indicator is not a standalone trading system. Divergences can warn about a possible correction or reversal, but they do not guarantee an immediate reversal. I use the same strategy on the 1 min chart for intraday scalping.
XAUUSD H4 — Liquidity Zones Decide The Next Move
Gold is trading around $4,088 after recovering from the low near $3,958. The short-term reaction is bullish, but the H4 structure is not fully reversed yet. Price is now moving between a lower buy liquidity zone and a higher medium-term sell OB zone, so chasing the middle range is not ideal.
From an SMC perspective, gold created a CHoCH near the lower area and started to push upward. This shows that buyers are trying to defend the lower demand zone. However, above the current price, there are still major liquidity and supply areas that may attract selling pressure again.
The key buy zone is $4,013–$4,027. If gold pulls back into this zone and buyers defend it with clear bullish confirmation, price may continue toward $4,110–$4,125, then $4,175–$4,195. The main sell reaction zone is $4,175–$4,195, where the medium-term OB is located. If price reaches this area and fails to break higher, sellers may return.
Buy setup 1
Condition:
Gold pulls back into the $4,013–$4,027 buy liquidity zone and confirms bullish MSS / CHOCH on lower timeframe.
Entry: $4,013–$4,027
SL: below $3,985
TP1: $4,088
TP2: $4,110–$4,125
TP3: $4,175–$4,195
Buy setup 2
Condition:
If gold breaks above the liquidity zone around $4,110–$4,125 and retests it as support, bullish continuation remains valid.
Entry: $4,110–$4,125 after breakout retest
SL: below $4,075
TP1: $4,150
TP2: $4,175–$4,195
TP3: $4,222
Sell setup
Condition:
Gold reaches the medium-term OB sell zone around $4,175–$4,195 and shows bearish rejection with MSS / CHOCH confirmation.
Entry: $4,175–$4,195
SL: above $4,222
TP1: $4,125
TP2: $4,088
TP3: $4,027
Key levels
Current price area: $4,088
Buy liquidity zone: $4,013–$4,027
Low area: $3,958
Liquidity zone: $4,110–$4,125
FVG area: $4,130–$4,160
Medium-term OB sell zone: $4,175–$4,195
Buy-side liquidity: $4,222
Month high: $4,383
Bullish confirmation: clean break above $4,125
Bearish reaction confirmation: rejection from $4,175–$4,195
Bullish invalidation: clean H4 close below $3,985
My current view is that gold is in a recovery phase after taking lower liquidity, but the safest Prime Gold plan is still to wait for price to reach major liquidity zones. I prefer buying only around the $4,013–$4,027 liquidity zone with confirmation, and watching for sell reaction if price reaches the $4,175–$4,195 OB zone.
No confirmation, no trade.
XAUUSD (1H) – Bullish Recovery SetupXAUUSD (1H) – Bullish Recovery Setup
Gold is showing signs of a bullish reversal after a strong sell-off into the 4,040 area. Price has reclaimed the 4,170 support and is now approaching a key demand zone around 4,300–4,320 (highlighted area).
The idea is for price to retest the demand zone, attract buyers, and then continue higher toward the first resistance at 4,363. A successful breakout above that level could open the path toward the major liquidity target around 4,541, where previous sellers entered the market.
Key Levels:
Demand Zone: 4,300–4,320
Resistance 1: 4,363
Major Target: 4,541
Invalidation: Sustained move below the demand zone
"Gold is recovering from a sharp decline and forming a potential bullish continuation structure. Watching the demand zone for buyer confirmation before targeting higher liquidity levels at 4,363 and 4,541."
MASON XAUUSD – Important Rebound Zone AheadMASON XAUUSD – Gold May Rebound Toward Fibonacci Before Next Decision
XAUUSD is trading around 3,997 after a strong bearish move inside the descending channel. Price remains below the Ichimoku cloud, so the main structure is still bearish.
However, gold is reacting near the strong liquidity zone and buy area around 3,960–3,990, so a short corrective rebound may appear before the next trend confirmation.
Technical View
Gold is still moving inside a clear bearish channel. The market has been creating lower highs and lower lows, showing that sellers are still controlling the main structure.
Price is also below the Ichimoku cloud. This means the broader trend has not shifted bullish yet. Any recovery from the current zone should be treated as a correction unless price can break above the cloud and hold.
The current area around 3,960–3,990 is important because it combines the marked buy zone and strong liquidity support. Price reacting here shows that sellers may slow down in the short term.
If buyers defend this zone, gold may recover toward 4,040–4,050 first, then the Fibonacci and liquidity area around 4,118. This is the key rebound target to watch.
The stronger resistance remains near 4,216. If price reaches this zone and rejects, the bearish trend may continue again.
Key Zones
Current price: 3,997
Buy reaction zone: 3,960–3,990
Short-term confirmation: 4,040–4,050
Fibonacci & liquidity zone: 4,118
Strong resistance: 4,216
Invalidation for recovery: below 3,960
Trading Plan
Buy Recovery Priority: 3,960–3,990
Condition: wait for bullish rejection, higher low, or price holding above the strong liquidity zone.
SL: below 3,960
TP1: 4,040–4,050
TP2: 4,118
TP3: 4,216
Alternative Scenario
If gold breaks and holds above 4,050, wait for a retest before looking for continuation toward the Fibonacci liquidity zone at 4,118.
Sell View
Sell remains the main trend view while price stays below the Ichimoku cloud and inside the descending channel. A cleaner sell setup may appear if gold rejects from 4,118 or 4,216.
Final View
Overall, gold is still in a bearish structure, but the current liquidity zone may create a short corrective rebound. The key area to watch is 4,118, where Fibonacci and liquidity may decide the next move.
Will gold rebound toward the Fibonacci zone first, or break below the strong liquidity area directly?
SKWD: Insider Buy Cluster Near Dip, Now Approaching SupplyGot a spot I'm keeping an eye out for. After a dip in NASDAQ:SKWD around the same time last year there has been a noticeable cluster of insider buys of around $1.4 million from the CEO and two other directors. Now we are approaching a key supply zone and high from this range we've been in since that dip. I am not taking this as an entry by any means until I see a breakout/confirmation but deff something to keep an eye on 👀
XAU/USD Update | Bounce or Another Leg Lower?Gold continued its sell-off today, and we saw the secondary support zone tested after the 4068 level failed to hold, as outlined in the previous analysis.
Price found support at the 3971 level, and we are now seeing a bullish reaction from this area.
For bulls to sustain this recovery, we need to see 4014 reclaimed. A move back above 4014 could open the door towards 4068, and if bullish momentum continues to build, 4129 would become the next upside target.
However, if bulls fail to reclaim the 4014 resistance level, we could see another test of the recent swing low and potentially the 3938 level, which marks the lower boundary of the secondary support zone.
📌Key levels to watch:
Resistance:
4014
4093
4129
Support:
3971
3938
👉Let the levels guide you and wait for confirmation.
XAUUSD|Descending Triangle Signals Potential Continuation Lower
Gold remains under bearish pressure after a strong impulsive decline, with price now consolidating inside a descending triangle on the 30-minute timeframe. The pattern is characterized by a series of lower highs against a flat support base near the 3,960 area, indicating that sellers continue to absorb buying interest.
Multiple retests of support suggest weakening demand, while the descending trendline continues to cap recovery attempts. As long as price remains below the trendline and the nearby supply zone around 4,000–4,020, the broader short-term bias remains bearish.
A confirmed breakdown below triangle support could trigger fresh selling momentum, exposing the 3,900 level as the next key downside objective. If bearish momentum accelerates, further downside expansion may follow toward lower support levels.
AUDNZD - Long-Term Resistance Test, Correction Ahead?AUDNZD remains overall bullish on both the weekly and daily timeframes, continuing to respect the two ascending channels shown in red and brown, with the red channel representing the impulsive phase within the broader brown structure.
Price is now testing the upper boundary of the weekly bullish channel and has been consolidating recently inside the smaller blue channel.
For sellers to gain control and increase the probability of a broader correction phase, price would need to break below the green area, which would also confirm a break of both the red and blue channels.
At the same time, we can observe a developing bearish divergence, which may add more weight to the corrective scenario.
From a medium to short-term perspective, price is also approaching a red supply zone, creating an area where we can start looking for sell setups on lower timeframes as part of a corrective move inside the blue channel.
The reaction here may reveal whether the market is preparing for a healthy correction, or if the broader bullish trend is ready to continue.
⚠️ Disclaimer: This analysis reflects my personal market view and is not financial advice.
Rayan Nasser
#AUDNZD #AUD #NZD #Forex #TechnicalAnalysis #PriceAction #Trading #MarketStructure
XAUUSD: Bullish Reversal from H1 Order Block Targeting 4,080Market OverviewGold ( OANDA:XAUUSD $) has undergone a classic market structure shift on the lower timeframes after finding a solid bottom around the $3,960$–$3,980$ region. Following a prolonged bearish trend marked by clear Break of Structure (BOS) levels to the downside, the asset has successfully shifted its character, breaking previous structural highs to the upside
Technical Analysis & Key Confluences
Market Structure Shift: The chart highlights a recent bullish BOS (Break of Structure) to the upside, signaling that buyers are taking control and shifting the macro bearish momentum.
Bullish Flag/Channel: Following the upward expansion, price consolidated within a neat descending corrective channel (highlighted in red). This flag pattern served as liquidity generation before the strong bullish breakout.
H1 Order Block (H1-OB): Price has forcefully broken out of the flag and formed a Higher High. We are currently looking at a potential retest or continuation from the validated H1 Order Block (the blue zone marked around $4,030$ - $4,040$).
Trade Execution Strategy🚀
Trade Setup: Bullish Continuation
Entry Zone: Market execution near current levels ($4,046$) or on a minor pullback into the H1-OB zone ($4,035$ - $4,040$).
Invalidation (Stop Loss): Below the H1 Order Block or the recent swing low (approx. $4,015$–$4,020$).
Take Profit (Target): $4,080$ (The major liquidity pool and unmitigated structural high from the previous breakdown).
XAU/USD | Gold Showing Bullish Signals! Is A Recovery Beginning?By analyzing the #Gold chart on the 2H timeframe, we can see that this is a completely new outlook for Gold. After dropping to the $3958 region yesterday, buyers stepped in and triggered a strong recovery toward $4093. While this rally has been impressive, it is still relatively small compared to Gold's broader decline from around $5600 to $3958.
After reaching the key supply zone between $4092 and $4125, Gold experienced a minor pullback and is currently trading around the $4085 region.
One of the most important developments is that, for the first time in nearly two weeks, the chart is now printing Higher Highs (HH) and Higher Lows (HL). In addition, we are also seeing a clear CHOCH followed by a BOS, all of which are marked on the chart. These are early technical signals that buyers may be attempting to regain short-term control.
The nearest demand zone is located between $4025 and $4045. As long as Gold manages to stabilize above this area, the probability of further upside continuation increases. On the upside, the next bullish targets to monitor are $4100, followed by $4113, $4125, and $4145. Although the broader trend remains under pressure, the recent price structure suggests that Gold could be preparing for a short-term bullish correction before the next major move develops.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
USDMXN Reverses Lower After Completing 3-3-5 Flat CorrectionUSDMXN has reached the projected resistance target for wave C of a regular ABC flat correction and is now turning sharply lower with an impulsive decline. This strong reversal suggests that sellers have regained control, shifting the short-term outlook back to the downside. While the broader bearish move appears to be underway, traders should still be aware of short-term corrective pullbacks that may interrupt the decline.
From an Elliott Wave perspective, a regular flat correction follows a 3-3-5 structure. Wave A unfolds as a three-wave correction, wave B also forms a three-wave move and typically retraces close to or slightly beyond the start of wave A, while wave C develops as a five-wave impulse that often terminates near key Fibonacci resistance levels. Once wave C is complete and an impulsive reversal appears, it frequently signals that the dominant trend is ready to resume.
With wave C now likely complete and bearish momentum accelerating, the technical outlook favors additional downside in the sessions ahead.
Highlights:
USDMXN reached the projected resistance for wave C of a regular 3-3-5 flat correction.
A sharp impulsive reversal suggests bears have regained control.
Regular flat corrections consist of a 3-3-5 Elliott Wave structure (A-B-C).
Wave C often completes at Fibonacci resistance before the dominant trend resumes.
Watch for further downside, while allowing for short-term corrective pullbacks along the way.
USD/CAD SENDS CLEAR BEARISH SIGNALS|SHORT
USD/CAD SIGNAL
Trade Direction: short
Entry Level: 1.423
Target Level: 1.421
Stop Loss: 1.425
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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CAD/JPY BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
CAD/JPY is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 113.429.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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BITCOIN BUYERS WILL DOMINATE THE MARKET|LONG
BITCOIN SIGNAL
Trade Direction: long
Entry Level: 59,209.36
Target Level: 60,408.39
Stop Loss: 58,410.01
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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BTC's Daily Just Loaded the Heaviest Long Signal of the Entire..BTC's Daily Just Loaded the Heaviest Long Signal of the Entire
Cycle - at a Cycle Low.
The Daily reads IMP 4/5 with SwLo Swept YES, Range Expansion YES,
ATR Expansion YES, Vol Elev at 92nd percentile. RCZ at 86th, ATR
at 87th. That is the most loaded the Daily IMP has been in any
session of this posting series. The 114-bar Daily bull
announcement is still the standing read at CQI:NaN - the
conviction engine still can't normalize - and the Last Ann
labels from both lower timeframes are visible right at current
price. But this signal is loading on the Daily where the 1H is
still carrying its 236-bar bear announcement at CQI 65.59,
completely unchanged from yesterday. The Daily wants to bounce
hard. The Hourly says nothing has changed.
Resistance: 60,089.58-60,423.01 - the shelf right above price
Key resistance: 60,556.17-60,756.67 - the cluster above
Current price: 59,351
Support: 58,022.75 - this week's low
Key support: 53,000-55,000 - weekly consolidation zone from
the 2024 range
Structural floor: 48,500-49,050 - where the weekly trendlines
converge with the range floor
Two paths from here:
The Daily's load resolves up: IMP at 4/5 fires, Vol Elev at
92nd sustains, price reclaims 60,423 and then 60,756. The
1H's 236-bar bear print finally gets challenged by a real
signal rather than a fading attempt. This would be the first
time in this cycle the Daily has won an argument with the
Hourly.
The Daily's load resolves down: the IMP 4/5 reads as
exhaustion at the low rather than accumulation, the Hourly's
undecayed conviction holds, price loses 58,022 and the weekly
consolidation zone at 53K becomes the operative target. The
Daily's CQI:NaN means the system literally can't tell you
how meaningful the bull print actually is.
The Daily's IMP load at 4/5 is rare. The combination of that
plus the 1H showing nothing, plus a CQI:NaN that means the
Daily ACE engine can't normalize against history, is the most
asymmetric read this posting cycle has produced. The Daily is
screaming. The Hourly is silent. One of them is wrong.
---
Built with SYNTHESIS v3.3 | SOM / ACE / IMP / SYNTHESIS
Study, not financial advice.
The Elephant Jungle 6/26/26 Page 4So Red, What’s the Play?
Right now, I am watching for a long from the 1H Order Block. If I do not get any confirmations there, I will look for a long from a deviation below the range low. If that setup does not give me confirmations either, then I am happy to sit on my hands and wait for price to reach the 3D Order Block.
As for shorts, I am watching the 1H FVG to see if it gives another clean rejection. If nothing develops there, I will shift my focus to the Range High or the 1D Internal Supply Range and look for short opportunities from those levels instead.
That is my game plan for today. Now I want to hear yours. Do you think the Bulls can fight their way back into the range, or are the Bears getting ready for another leg lower? Drop your thoughts in the comments. I always enjoy hearing how everyone is reading the market.
As always, trade safe, manage your risk, stay patient, and wait for your levels and confirmations.
Until next time...
The Elephant Jungle 6/26/26 Page 3The Bears are currently rejecting the Bulls at the 1H FVG, but the Bulls left behind a 1H Order Block that could give them a bounce. The big question is, will it hold, or will the Bears run straight through it?
If the Bulls can catch a strong reaction from the 1H Order Block, we could see a Wyckoff Model 2 Accumulation play out in the Inside Range 2. If that plays out, it could give the Bulls enough momentum to make another run toward the 1D Internal Supply Range.
On the other hand, if the Bears keep the pressure on and the Bulls fail to catch a Swing Fail below the range low, things could unravel fast. That would open the door for the Bears to drive price lower and keep their momentum alive.
The next reaction around this 1H Order Block could decide who controls the battlefield heading into the weekend.
10 Must-Read Books That Can Transform Your Trading JourneyEvery successful trader has one thing in common: they never stop learning.
Markets evolve, technology changes, and strategies come and go, but the principles of discipline, risk management, and psychology remain timeless. Reading the right books won't make you profitable overnight, but they can save you years of costly mistakes and accelerate your growth.
Whether you're trading stocks, forex, crypto, commodities, or options, these ten books deserve a place in your library.
1. Trading in the Zone - Mark Douglas
Many traders spend years searching for the perfect strategy, only to realize their biggest obstacle is themselves.
Mark Douglas explains why consistency comes from mastering your mindset rather than constantly changing indicators or systems. He teaches traders how to think in probabilities, control emotions, and execute trades without fear or hesitation.
Why Read It?
Build confidence in your trading plan
Overcome fear and greed
Learn to accept losses without emotional damage
Develop a professional trading mindset
2. Market Wizards - Jack D. Schwager
Instead of teaching one trading method, this classic lets some of the world's greatest traders tell their own stories. Each interview reveals different strategies, personalities, and market approaches, proving there isn't a single path to success. The common themes are discipline, patience, and excellent risk management.
Why Read It?
Learn directly from legendary traders
Discover multiple trading styles
Understand what separates professionals from amateurs
3. Technical Analysis of the Financial Markets - John J. Murphy
If technical analysis had an encyclopedia, this would be it. Murphy covers everything from trend analysis and chart patterns to indicators, volume, market cycles, and intermarket relationships. It's one of the most complete technical analysis books ever written.
Why Read It?
Learn technical analysis from the ground up
Improve chart-reading skills
Build a solid analytical foundation
4. Reminiscences of a Stock Operator - Edwin Lefèvre
Despite being written nearly 100 years ago, this book remains surprisingly relevant.
Based on the life of legendary trader Jesse Livermore, it demonstrates how markets are driven by human behavior. The technology has changed, but emotions haven't. The lessons on patience, timing, and capital preservation are just as valuable today as they were a century ago.
Why Read It?
Learn timeless market wisdom
Understand trader psychology
Appreciate the importance of patience
5. The Daily Trading Coach - Brett N. Steenbarger
Improving as a trader requires more than studying charts: it requires developing better habits. This book provides over 100 practical exercises designed to improve discipline, emotional control, decision-making, and daily performance.
Why Read It?
Create productive trading routines
Improve consistency
Develop long-term trading habits
6. Japanese Candlestick Charting Techniques - Steve Nison
Candlestick patterns are one of the most widely used tools in technical analysis today, thanks largely to Steve Nison. This book explains how price action reflects market sentiment and how traders can use candlestick formations to improve timing and identify reversals.
Why Read It?
Master candlestick analysis
Improve trade entries and exits
Understand market psychology through price action
7. The Intelligent Investor - Benjamin Graham
Not every trader focuses on long-term investing, but every market participant can benefit from Graham's principles. This classic introduces concepts like intrinsic value, margin of safety, and emotional discipline: ideas that continue to influence investors worldwide.
Why Read It?
Learn timeless investing principles
Improve capital preservation
Develop long-term market perspective
8. The Psychology of Trading - Brett N. Steenbarger
Success in trading depends as much on personal development as market knowledge. Steenbarger blends psychology, coaching, and performance science to help traders understand their habits, improve focus, and consistently perform at a higher level.
Why Read It?
Strengthen emotional resilience
Eliminate destructive habits
Build peak trading performance
9. The Disciplined Trader - Mark Douglas
Before Trading in the Zone, Douglas wrote this influential book exploring why traders often sabotage themselves. He explains how beliefs, emotions, and mental conditioning affect every trading decision and provides a framework for developing consistency.
Why Read It?
Understand trading psychology
Improve discipline
Build confidence in your trading system
10. The New Market Wizards - Jack D. Schwager
This follow-up to Market Wizards introduces another generation of exceptional traders. Their stories reinforce a powerful lesson: there is no universal strategy. Success comes from finding an approach that matches your personality and executing it with discipline.
Why Read It?
Learn modern trading perspectives
Explore diverse trading methodologies
Gain inspiration from real-world success stories
My Thoughts:
The best traders never stop being students. These books won't hand you a winning strategy, but they'll teach you how successful traders think, manage risk, and stay disciplined through every market condition. If you're serious about becoming consistently profitable, start with one book, apply its lessons, and then move to the next. Knowledge compounds, just like great investments.
By @BrightRally_Research
The Elephant Jungle 6/26/26 Page 2The Bulls are currently trying to stay above the Inside Range VAL. If they lose this level, they will most likely find themselves back below the range low and heading straight toward the 3D Order Block. That is not what the Bulls want to see.
Right now, the Bulls are trying to accumulate inside this range. We have one tap to the high and two taps to the low, which means a Wyckoff Accumulation could be forming. If the Bulls lose the Inside Range VAL and drop into the 3D Order Block too soon, it could throw off the entire accumulation structure before it has enough time to fully develop.
What I would rather see is the Bulls push back into the 1D Internal Supply Range and form a Wyckoff Distribution inside that zone. From there, they could rotate back down and create Tap 3 of the larger Wyckoff Accumulation. That sequence would make much more sense from a market structure perspective.
When it comes to the bigger Wyckoff models, timing is everything. Right now, if price drops into the 3D Order Block, it would simply be too early for Tap 3. The Bulls need more time if they want this accumulation to play out the way it should.
GBP/CHF BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
GBP/CHF pair is in the uptrend because previous week’s candle is green, while the price is evidently falling on the 4H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.071 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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