Waiting for the old support level test for a long signal.
In my opinion, Having a candle confirmation on this resistance level, could be a great opportunity for a short entry. Having this resistance break, I´d rather wait until a support test for an long try for the old resistance test
After breaking the down channel, I am waiting for a channel test on the same old support area, to go LONG and using an 160% fibo Projection as target.
We had a strong reaction on previous reactions point, now I see two possibilities for the BR market. A re-teste for previous support and change to bear market, or strong consolidations between this support-resistance area and back to a bull market.
A strong sell on BR Market driving the price to a range of conflict on different timeframes. Wait for now.
A strong reaction at the same level, possibly a double bottom for a new long opportunities.
Looking the volume and the reactions of the price at 70.00 , I am expecting a short opportunity
After the recent moves, i am expecting those price reactions for a short on the next week, maybe next one.
Looking for a signal on old channel support and old price support.. and/or a confirmation on the actual high trend line break out. Targer maybe fibo extension... not beyond 1.14 .
Patient to wait until EURUSD test old resistance/support area. 1.11 could be a good stop loos point..