Big Pip Movements Coming Soon

The Daily zone is congruent with the monthly & weekly resistance zones. I am expecting price to push up into the zone and reverse, since we are in a downward trending channel. However, the possibility of a bullish breakout or overshoot is still there to consider. If this were to happen, I would look for a break of the resistance, retest, and then bullish engulfing to continue this bullish push. Overall my bias is bearish. I believe if this correction rejects big pip movements are to be expected.

Green Lines represent an APPROXIMATE Take Profit Level. Please fine tune on smaller charts preferably 4hour.