Price Action found some great support around our Daily Critical Zone & Support Trendline area and bounced 100 pips without offering a trading opportunity for us. On the retracement of this move we saw an opportunity to take the next phase. Unfortunately, the signal timed out prior to triggering so no entry for us. Those who didn’t cancel the order would have made target of Weekly Pivot.

The Trendline break we attempted to trade yesterday is once again the centre of attention as it is re-tested from above. Daily Pivot is untested below this level so it’s an interesting Hotspot. A break and re-test of this Trendline from below could see price fall. Should it become support however, look for Price Action to head North in a hurry. Would prefer to see Daily Pivot tested prior to that but it’s not compulsory.

The Day Ahead

Price Action found some great support around our Daily Critical Zone & Support Trendline area and bounced 100 pips without offering a trading opportunity for us. On the retracement of this move we saw an opportunity to take the next phase. Unfortunately, the signal timed out prior to triggering so no entry for us. Those who didn’t cancel the order would have made target of Weekly Pivot.

The Trendline break we attempted to trade yesterday is once again the centre of attention as it is re-tested from above. Daily Pivot is untested below this level so it’s an interesting Hotspot. A break and re-test of this Trendline from below could see price fall. Should it become support however, look for Price Action to head North in a hurry. Would prefer to see Daily Pivot tested prior to that but it’s not compulsory.

The Day Ahead