Technical Analysis Simplified Chart Based on S&R
UpTrend on the 1/4 HR Potential Upside to 1.50000 - Nice Psychological Number If it breaks the uptrend then retest and downside movemnt
Black Arrow Showing Direction Blue Line is a Daily Line Showing High Areas of Sensitivity Current Candle Sticks Showing Rejection
4HR Trendline Bounce or Break
TRENDLINE BOUNCE/REVERSAL
DOUBLE/TRIPPLE BOTTOM Over Sold RSI Potential Swing for the upside
Trendline Structure Clear W Formation on multiple TimeFrames RSI Over Sold Potential Bullish Trend
Potential Set Up
Simple S&R for EUR/USD DXY Compliments the strength of USD If Price Action hits SL - Clear sign off Reversal - Wait for Retest and Go Long
Clear Rejection off of 4HR Trendline (Light Blue) Double top off of Major Resistence (Bright Red) Potential climb up for a third touch on 4HR Trendline or Major Resistance before movement to the downside
- Break and Retest off 4 HR Ascending Channel -