Sideways movement with low volume without clear direction showing uncertainty reflected from fundamentals on chart. A mild tension running behind can convert to panic if price sustain at lower side.
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Sideways zone swings can extend towards 14850/14980
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Near to 14850 now.
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14980 target and sideways swing completed.
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Price following downward from supply zone of side ways swings. 14680-14700 need to hold for an attempted BO above supply zone, expect swings to go test bottom zone again otherwise.
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This chart is aging well, 14680 below broken in Friday last hour and follow up to the lower zone.
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bounced from lower 14488, now 14750 above to be watched for whether the swing will retest high zone again. Failing to hold 14750 can result in selling pressure again.
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14750 acted as boundary and selling pressure as expected
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Price again holding 14488 support. A base is forming for bullish movement but volumes are not convincing, price can break the base. Stay side line for now.
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Deja vu at 14750. Breaking above can lead to 14950+ levels again.
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14950+ completed. 14850-14900 if able to hold will attempt a breakout here.
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Close the remaining longs if opens below 14850. Add small quantity BnF short after opening bounce.
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