This is for Educational Purpose. Im not predicting, this graph shows what will happened if it breach the SnR or not. hoping this could help some of you to managed which will the best trade to take.
** FOR EDUCATIONAL PURPOSE** If have confirmation candle and the candle did not break the fibo, it might going short tonight
Im going to take a down road to its strong support and gaining around 60pip profit. Australian dollar is quite stable than EUR in my opinion for this time being.
Giving Basic Info For Educational Purpose. If Its Break Either Resistance Or Support, The probability will go to where it breaks.
Going Long after Retracement on 0.236 or 23.6%, to 50% Fibonacci, and it will go Up the roof
I assume it will be going down at least around 0.69700+-, and if next week usd is still strong it will be going down down, but if aud can rise next week, so heaven for long buying to resistance line
We Are Using Snr To Make A Basic Decision, If It Breaks The Support Line And Have The Comfirmation Candle, We Are Going To Sell It. Vice Versa.
THIS CAN BE A LONG TRADE FOR A TRADER WHOM WANT SOME LONG PROFIT, REGARDING GBP CANT BREAK THE TREND LINE, WHERE EURO IT WILL SHOT UP PREDICTION.
GOING SHORT AFTER CONFIRMATION TRENDLINE, OR FALSE BREAK FROM TRENDLINE..
WAIT FOR COMFIRMATION CANDLE BETWEEN 0.773 TO 0.770, OPPORTUNITY TO BUY LONGGGG...