Price is currently held below weekly support at 0.75482 level.It broke past the level and immediately retraced back below the level.Short position only if price breaks and closes below current counter trend line with possible target at 0.7445
Price broke and closed past weekly support intensively. Price also broke neckline of the double tops setting in bearish momentum. Waiting for a possible retest of broken support before any further extension of the downwards move.Price may rally to the next support at the 0.6250 level
Price has moved impulsively in a bullish momentum for a couple of days but has been contained by monthly and weekly resistance at 1.4720 level .After the stall price has been trapped in an inside bar on the h4 time frame. A break below counter trend line will indicate a shift in momentum and we will wait for a retest of the resistance at 1.4664 level before a...
SHORT AFTER REJECTION OF RESISTANCE AND CLOSE BELOW COUNTER TREND LINE
BEARISH MOMENTUM IN PLAY. SHORT AFTER BREAK AND CLOSE BELOW COUNTER TRENDLINE
SHORT AFTER BREAK AND CLOSE BELOW COUNTER TRENDLINE
ENTER SHORT ONCE PRICE CLOSES BELOW COUNTER TRENDLINE
Price rejected monthly highs at 74.860 starting a downtrend .Price also broke counter trend line on H4. Price also closed below inside day on the daily candle, signifying change in momentum to bearish. Looking for entries after close below current counter trend line as price is retesting broken weekly support at 74.256 for a potential move to 73.00 level.