Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.
After rejection from the daily trendline I mentioned before now it seems that price is correcting some of its bearish moves and an hourly trendline has held the price nicely.
Now until the price is below 112.90 I expect this bullish move is a retracement. You can see it in the H4 chart below:
So that would be a good short signal if an hourly candle closed below this trendline and if price went above 112.90 then a new bullish trend will be established as well.
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