If H4 candles close back above 1.1815, I would turn back to bullish... until then: bearish it is for me!

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Based on H1, I am switching my bias to bearish!

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For D1 I have similar... 1.1812 is my threshold...

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M5: Watch and be prepared for supportive price action every time price drops to 1.1815/20 area...

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Quick H4 Outlook To keep it simple: Bulls are currently focused on attacking 1.1850 area resistance to break out from steep bearish channel! If they succeed we can go higher. Otherwise bears will easily take back control. Therefore, watch the news ...

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Quick WEEKLY Outlook On this timeframe we are at balance area (median line touchpoint): ~1.1820... Since we are inside a bull channel, this should eventually continue higher. Therefore, buying dips is better for now! However, because we are right at ...

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First, let's see if we can get back to ~1.1866 area...

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Wishing you humongous profits then...

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Most critical hour of the day.. The retest of 1.1780.... Let's see when bulls will kick in... Stepping down to M5 to catch earliest buy signal...

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As long as H4 bears get rejected by ~1.1780 area and candles open above it, I will try to buy this major correction.... Happy trading day folks

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Most critical hour of the day... if H4 candles start to close below 1.1835 it is over for bulls... Will they fight for it? Let's see..

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H4: I am looking for longs and watching to see if support holds.. If bulls kick fully in, they have to beat 1.1877 area! Happy new trading week folks

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Quick H4 Outlook for Monday Bears did well. On Monday, we first must watch 1.1835/50 area (blue zone) for potential supportive behavior. Enjoy your weekends folks

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One thing I notice with this continuously bearish breakout moves is that there is no new lower low close to 1.1895.. 1.1931 therefore might not resist as expected... I delay selling!

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Meanwhile, on H1... I am marking 1.1931 as nearest resistance... Rinse & repeat selling while candles open below...

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H4: Another day where bulls will probably try to get back on track... However, the resistance zone is widening as price is sinking... While candles open below ~1.1991 bears will surely be around and actively preventing bulls to rise! So, ...

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Meanwhile, on H4... Previous breakout level will get tested. Buying the dips to 1.1853 area is the trend follower's mission. Since we never had a new breakout, buying ~1.1982 area was never the topic of the day. Always step by step!

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Simply: one H4 candle closing above that line is enough (never a guarantee) but enough! The rest is finding best place to jump in. My complete logic was already explained over and over here... Good luck studying! I hope it clarifies.

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Quick H4 Outlook The chart shows how consistent trend followers have won again and again. Market is generous to those who stick to the trend. (Assuming there is a trend and market is not choppy) Even as an experienced trader I didn't follow trend ...

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Busy outdoors... will be back soon...

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