From the H4 perspective price recently is in an uptrend channel respecting few bounces as the price approaches to the lower trend line since last week of Apr21.
Price likely to project lower early of the week till coming Thursday to the fib level 50.0 or 61.8 before continuing its bullish movement.
Thus, look for buy opportunity, If the price were to breakout of the lower trend line and approaches to the zone C (support zone).
Remarks from author
1)This analysis does not represent long or short trade immediately, it is solely on the author analysis
2)Trade at your own risk with proper lot sizing and follow your own trading plan
3)Risk management is always be the top priority
Price likely to project lower early of the week till coming Thursday to the fib level 50.0 or 61.8 before continuing its bullish movement.
Thus, look for buy opportunity, If the price were to breakout of the lower trend line and approaches to the zone C (support zone).
Remarks from author
1)This analysis does not represent long or short trade immediately, it is solely on the author analysis
2)Trade at your own risk with proper lot sizing and follow your own trading plan
3)Risk management is always be the top priority