Tomorrow marks the final trading day of the month, and price is currently holding below the 4100 level. Unless we see a recovery that reclaims 4100 and secures a monthly close above 4138–4168, this formation may confirm as a climactic candle for the month, signaling exhaustion and potential downside as we enter the new trading cycle.
So far, the 3900 zone has proven to be a highly protected area .. even a 25 basis point rate adjustment failed to push price decisively below it, suggesting that the move was largely priced in and that the market continues to respect this key level. Volatility is likely to increase from here, and the next month could bring turbulent price action for this pair as structural shifts begin to unfold. therefore, for tomorrow, we need to see a reclaim of the level on 4100 and it becomes critical for what will unfold in the coming month. i would even be happy with 4117 if 4138-4168 do not come. The inverted previous day bearish candle suggest we will be seeing the closing candle bullish for tomorrow. however let us see what we actually get
So far, the 3900 zone has proven to be a highly protected area .. even a 25 basis point rate adjustment failed to push price decisively below it, suggesting that the move was largely priced in and that the market continues to respect this key level. Volatility is likely to increase from here, and the next month could bring turbulent price action for this pair as structural shifts begin to unfold. therefore, for tomorrow, we need to see a reclaim of the level on 4100 and it becomes critical for what will unfold in the coming month. i would even be happy with 4117 if 4138-4168 do not come. The inverted previous day bearish candle suggest we will be seeing the closing candle bullish for tomorrow. however let us see what we actually get
Candlesticks dont move markets, Volume does
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