pazminojr

pazminojr Updated 

Main reason why its turning, it hit a major weekly resistance zone. Now price seems to be reacting nicely off that resistance level. Two entry options- 1. Im waiting for a close below the trend line 2. Wait for the pullback and have a bearish engulfing candle to take the short.

pazminojr Updated 

- BROKE TREND LINE TO THE UPSIDE - COMPLETED A DOUBLE TOUCH ON THE PULLBACK OFF WEEKLY RESISTANCE - BULLISH ENGULFING CANDLE -FIRST LEG TO ESTABLISH A TREND CHANGE

pazminojr

- Fib retracement to .236 - Daily candle closed above resistance - Broke trend line on 1HR Chart - Bullish engulfing close

pazminojr

- Respected trend line - Bullish engulfing candle - Retracement to the .500 fib level Things to look out for: price might retrace and do a retouch.

pazminojr

- Broke trend line on the 1 HR chart - Engulfing bearish candle - 4HR trend hit - FIB retracement .500 hit

pazminojr

Hello Traders, We have been keeping an eye out on this pair that last week was showing some bearish tendencies although it is still in bullish trend. Waiting for price on higher time frames to come to the 1 TP from there we will take a look at the price action for any reversals.

pazminojr

Waiting for it to retrace up and give us a confirmation to enter short. On the daily chart it is showing a nice reversal setup and bearish movement. Just need that confirmation. Thanks