patunida
we have been waiting for this for a very long time. patience is ALWAYS king.
we might see a pullback towards levels upwards. self explanatory.
on support. we will find our direction soon enough. it has to be clear and clean before we can spot our set up.
we are going in the path of the markets general direction based on the OVERALL trend. we have the potential to reach down to this first key level. will we bounce like last time? or will we finally break it this week? i say we have a heavy chance of breaking. but we will let the market lead first.
personally i dont think so. price is consolidating within zones and is approaching resistance. we can keep going up, but for how long...?
on the daily we have created a wick. can this retrace last ? or will we break structure tomorrow and continue to go down?
looking for a retrace and then continuation we are looking at NASDAQ. FOMC showed the true direction of the market today! lets ride with it.
bears switched up the environment. crazy morning.
deeep retrace to 78.6% this is the 5th time bouncing the trendline!!!! this trendline is strong. MA crossover on the daily. yes theres an engulfing candlstick on the daily, but im just now noticing that thats all traps. if you see an engulfing , always think the opposite direction. hahah.
risking $100 to gain $688 SPIKED to the bottom, came right back up. daily - price satttt at daily support (yellow box)
time for a push down. exited out of my cadjpy trade slightly in profit.
gbpusd - invalid. gbpjpy - i got out. i love this one. i understand this one