Potential Setup as per the below
Bias – Bullish
The Dollar is strong currently so expecting this to continue bullish
Option 1 – Wait for price to take out liquidity around the 4hr structure point and then continue with bullish momentum.
Option 2 - Wait for price to retrace back to circa 71 Fib level of the bigger move, show signs of depletion, before continuing with bullish momentum.
Bias – Bullish
The Dollar is strong currently so expecting this to continue bullish
Option 1 – Wait for price to take out liquidity around the 4hr structure point and then continue with bullish momentum.
Option 2 - Wait for price to retrace back to circa 71 Fib level of the bigger move, show signs of depletion, before continuing with bullish momentum.