Hello guys, after long break i think i should make a little analysis that is more based on trend Channels/Points , but of course by support with Support/Resistance Area.
So, we see that th High from last year, Mar,Apr and may are still relevant for us today, because these are now our resistance/support on higher timeframe.
Trend: Bullish
But i would enter only after a bigger corrective. Because, if we look how we were pushed back down at the resistance (now support ) somewhere at 1.32500 - big sell. So maybe we could espect by reaching now new Resistance 1.34000, a bigger pullback,bigger sell. So if the last high that was made before few days wont be broken in the next few days, i would sell till next near support.
So, we see that th High from last year, Mar,Apr and may are still relevant for us today, because these are now our resistance/support on higher timeframe.
Trend: Bullish
But i would enter only after a bigger corrective. Because, if we look how we were pushed back down at the resistance (now support ) somewhere at 1.32500 - big sell. So maybe we could espect by reaching now new Resistance 1.34000, a bigger pullback,bigger sell. So if the last high that was made before few days wont be broken in the next few days, i would sell till next near support.