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Stay A Student To The Game | React, Never Predict ®
since May 10, 2020
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trendanalysis
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Price have been ping ponging between strong support/resistance @1.24500 & 1.23000 this past week but formed a new higher low based on daily time frame. Huge bullish engulfing candles have been forming on the way up indicating buyers in the market... not too much sellers based on the size of bearish candles & structure. If price decides to push up and break...
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UJ forming lower lows and lower highs on Daily time frame, indicating a bearish market. Price tested & failed to close above 130.750 multiple times which is a indication of strong support/resistance level based on the Daily as well as our .5 fib level acting as resistance. Anything can happen, we just react when the time is right!
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