The Major Resistance and Support is more applicable for 1-hourly chart, however, on the 4-hourly chat it still stand.
Typically, I will be waiting for shorting opportunity on the resistance and buying opportunity when market hit support.
For this setup, I won't be doing it as 1hourly chart shows a potential bull flag and 4-hourly chart has a emerging Bearish Gartley.
For the full analysis, check out our facebook and watch the Weekly Market Analysis session, the exact link will be posted on the comment box later.
www.facebook.com/forex100.org
Typically, I will be waiting for shorting opportunity on the resistance and buying opportunity when market hit support.
For this setup, I won't be doing it as 1hourly chart shows a potential bull flag and 4-hourly chart has a emerging Bearish Gartley.
For the full analysis, check out our facebook and watch the Weekly Market Analysis session, the exact link will be posted on the comment box later.
www.facebook.com/forex100.org
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