It is Monday early trading, but this might be a good opportunity according to the H4 chart for the short-term/daily move.
The long term seems quite different though but a short-term retracement is more likely to happen.
Note: The market was falling recently due to dollar strengthening.
The only problem today is that it is Monday and volatility is not so high, causing less probability for generating trends.
Will stick however to the long for now with caution until the fibo 61.8 % of the move as indicated by the level.
The long term seems quite different though but a short-term retracement is more likely to happen.
Note: The market was falling recently due to dollar strengthening.
The only problem today is that it is Monday and volatility is not so high, causing less probability for generating trends.
Will stick however to the long for now with caution until the fibo 61.8 % of the move as indicated by the level.