samuellon122
From my view, we have to wait for the breakout of the support and wait for retest only we can enter this pair.
From day timeframe, we can see that it hit the turncoat resistance, right now rebound to go back to the support line. From the Hr 4 timeframe, we can see that the push down is hard, also from the Hr1 timeframe, we can see that there is break of trendline. With much more support, we can see that the indicator also showing that there is sell signal. Overall, it...
As it breakout the resistance, in turn that it become a support on the line. So it will bullish toward to the resistance again.
With this chart we can see that head and shoulder appear and it has showed that a back test is happening as well. From here it also have break the trend line in the 15min chart. Most likely it will go down to the point as I show.
There is double top and trend line breakout, it will go to the support as I highlight
Hi trader, you guys can have a look about this pair. Currently it is supply zone area, you guys can have an idea to sell this pair.
After the Supply zone, it start to go down. Have a good day to you guys
From here, we can see that it had break the trend line. It is going to the support line at the moment.
Stp loss can place at 0.63308 and tp could place at 0.53523
You can check it out that there is a double top at 15min chart also, it is going down at a short while. Take your pleasure time to watch the chart.
As usual, a rebound from the support, and back to the resistance line.
This short position will not build for a flat double bottom but it will go down to the point as well.
Double top appear! You can hunt at the top first in order not to miss this chance.
As there is a resistance and trend has been broken, the down trend is coming.
From the point of view, there is a short position going happen to the support line.
As there is a break through of the trend line and also there is a fake breakeven of the resistance line. There is a confirmation pattern to going down.
It cannot breakout from the top, so it going down and result there is downward trend
If it could able to break the resistance line, it may going to long position. Vice Versa