4h chart is showing us that price is respecting marked trend line.


I marked two possible options. First (1) bull option shows long entry if price will break MPP and then retest it from above at the intersection with trend line. Second (2) bear option is that we wait for trend line break and then a retest from below at the intersection with MPP. Seems that today’s daily candle will end as an inside bar so it will be interesting to see if tomorrow we will get false break high or low of mother bar candle from yesterday.


Tomorrow we have Minimum Bid Rate news in EU, which it is expected that it will stay the same. Later on there is also ECB Press Conference and in USA Trade balance and Unemployment claims and a bit later also ISM Non-Manufacturing PMI.

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