been in a long down trend on the higher time frames and starting to look exhausted, how ever i still think there is chance of another push down if only to a double bottom zone? so as you can see on the 1 hour tf it broke a trend line and is now retesting it, also its on a nice 618 fib zone along with an over brought rsi signal on the 15min tf lets see how this...
broke above previous resistance which has now become support and is currently retesting. have seen this reject on a few candles now so looking for a break out to the up side
We saw a nice daily pin bar rejection right on a long term down trend line after a few weeks of rallying up to it. Shall be looking at lower tf for a nice signal entry to short and then shall be looking to put stop to break even when a 1:1 has been hit and take some profit, and then letting it run hopefully to the double bottom point where the last rally up began.
rejection shown on a higher tf downtrend line, accompanied by a tripple top pattern and a nice pin bar on the daily tf
This pair made a triple bottom on the daily time frame failing to make lower lows, and then on the 4hour time frame we had a perfect head and shoulder formation which broke the neckline on the 15/10/18 look for the pull back and long looking for targets at approx 75.170