Thursday the price arrived in the Payroll region, and plummeted, showing defensive aggression in the region. Even with the sharp drop, the price failed to break the bottom at 1.17530.
I will wait for a change in price behavior to look for short term entries.
Searching for the base of the channel.
The price is slowly falling.
False breakups! Do not forget.
If the price reaches this region and shows a quick bullish return, it may generate a purchase in the short term.
Pulling a fibonacci expansion, it is possible to see that up to the 1.1740 region there is a bearish target, which can generate a false breakout for anxious sellers.
Look at this!
Price is going to get the base of the channel.
Price is going to get the base of the channel.
Starting Week! Does the daily channel break?
As long as the price remains in this liquidity zone of 1.90 to 1.17, it is feasible to maintain strategies focused on consolidation, in order to avoid false breakouts.