I am looking for shorts because of the weakness of the dollar, however I am mindful that there was a rejection and and a bullish close on the daily candle.
So there are two possibilities and the short entry may not set up.
In order for the short entry I would look for a rejection from the current area and a lower low close on the 4h to go back to the target area of 0.87283.
the other scenario would be a continuation from fridays daily close and a 4 h close above structure and yellow line and a long back to 0.88342
So there are two possibilities and the short entry may not set up.
In order for the short entry I would look for a rejection from the current area and a lower low close on the 4h to go back to the target area of 0.87283.
the other scenario would be a continuation from fridays daily close and a 4 h close above structure and yellow line and a long back to 0.88342