News events for the day that could affect this trade
. (JPY) Industrial Production
. (USD) Retail Sales
Price seems to be topping off at daily role reversal area in confluence with MM4 - bulls profit taking zone for the month. I'm expecting price to rally back at least towards MPP level before end of the month.
on 4hr, Price broke the bullish trendline. If price continue to crawl below the trendline as it is doing right now, I'd look for selling opportunity somewhere between 38.2- 61.8 fib in confluence with WM3 and 115 psych level.