TOTAL2 - ACTION WEN?! HOPIUM TRAP? Time is running out, update on my last analysis on TOTAL2.
OTHERS almost reached 320B MCAP.
Rejection wen?
Actionpoint
$EURUSD blue skiesOn $EURUSD this week, Price has broken through supply and now has some room to run. I would like to see price close above 1.1712 to really confirm this new rize up. This is the new high in the past two years and I think it could go up for a while from a technical analysis approach. The next weekly supply zone bottom is at 1.25 so we have a long way to go before for we see price hit it. Price has been in a uptrend and there doesn’t seem to be anything to stop it. However, I think that this coming week we will see price consolidate around in this area as it need to reform new demand and not expecting a huge push. To check out our full view click the link below and don’t forget to like and subscribe:
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AB=CD completion near a PRZ.AUDCAD completed an AB=CD near the highs of 2014(See the link below for older post on this). For me this is a very good PRZ and gonna watch it closely next week.
If you switch to 4H you will see the divergence more clear on the RSI. As always i'm putting both aggressive and conservative entry scenario.
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