Bounce off the key resistance zone (grey zone) and a bearish wick rejection off the downtrend channel proceeded by a bounce to signal entry for a short.
Break and retest of clear horizontal 4 HR support zone. A lot of bearish wick rejection on the 1 HR time frame to this support turned resistance zone signalling a short entry.
EU - Long Idea Break and retest of broken resistance zone and will now possibly act as a strong level of support before an entry for a buy Just waiting for price to dip here and look for bullish wick rejection and any candlestick patterns to signal an entry as well as the 65 EMA acting as support on the 1 hour timeframe.
- 200 MA is below price displaying an uptrend - Trendline with 2 touches confirming the uptrend - Fibonacci retracement tool used from most recent swing low to most recent swing high - Market structure zone (Purple box) of previous resistance drawn in lining up with the 61.8% Fib Level (Our key level in the golden zone) - Psychological level located within this...