reemy

reemy Sep 21, 2016

The engulfing (hammer), candle on 21st sep, could be a reason for the price to test that upper resistance area (red arrow down), which coincides with the overhead supply trendline and the decending 20 period EMA. In this scenario the market would then fall to put in a final test of the 1.28770 area, creating a perfect triple bottom, before climbing to the channel...