Its on a 1.618 Retrace
Failed to make a higher high
Its in a Channel range and trying to take advantage of it
Botttom Indicator crossing over
Im a new trader so do your OWN Analysis
Any feedback would be great!!
Im playing around with trend continuation trades.
Took a small position
Retraced to a Support level
Trade your plan and within your means
Only time will tell on this trade
Im a new trader but here it goes!!
On a Daily time frame it is on a Support level set in Sep 2014
Rsi Overbought as well and consolidation is occurring
There is some Fibo Confluence on 1.618 from both legs!
I believe it should drop from here!!
Expected trade time 12 hrs
Remember to trade your plan!!
Im a new trader and spotted this head and shoulder pattern on a M5 chart. As well as Key Support areas on a H4 and Daily chart --- May be a potential place for the market to roll over!!
