PAYS RSI structure broke down. This would be indication that the tide is changing towards another downward move. Price action would need to break down below rising support line to confirm this downward move. Patience PAYS off :) lol.
Bearish: Euro/USD breaks upward trend line and continues downward. This currency pair is in a longer term downtrend which supports the validity of the smaller time scale downtrend. If the red support line breaks, another downward move may follow until next resistance. This would be the trade to look for!
First off. Risk management. Stop set above green line in case upward momentum continues. For now, price action broke upward trend arrow and may be heading downward. In fact, everything about this stock has been trending downward. On a larger time scale, price action is on a solid downtrend and has reached the half way point of this downtrend. This would add...
Bearish: if PAYS stock can break the red upward support it will continue on the downward trajectory shown by the fib stencil. Key levels of resistance should be looked at using the fib tool if another downtrend happens. the reliability of the break of key red resistance line would be should with both RSI showing a clear pattern change and also MACD showing a...
