m/bearish trend heavy broke thru w sup 0.6240 and now coming up
Updated
LH confirmed at purple zone/ newly found RES
-LL broken
-pa now reaching a SUP zone (green)
-pa has touched w sup 0.6240 & broke thru the lower end of the bearish channel
-will pa continue to move bearish or go ahead and form a low?
-will pa be in a bull correction from reaching a sup level; if so big or small?
-LL broken
-pa now reaching a SUP zone (green)
-pa has touched w sup 0.6240 & broke thru the lower end of the bearish channel
-will pa continue to move bearish or go ahead and form a low?
-will pa be in a bull correction from reaching a sup level; if so big or small?
Comment
PA hasnt broken any lows yet nor SUP zoneComment
lows were broken in SUP zone (green)-looks like a descending triangle formation along the lows of green SUP zone
-a pullback will complete move, price alert set
-pa has possibly made a low, smaller tf looks like a double bottom
-pa has reached a daily SUP area 0.60335, low formation in this area
Comment
KEEP IN MIND**will pa be in a bull correction from reaching a sup level; if so big or small?
Comment
march 17 - what happened was price did make a temporary low but didnt pull all the way back to sup as originally thought -with low being formed, fibs should have been utilized but werent, pa made a double top correction along 38.2 fib level 0.60278 which was in confluence with daily sup level pa hit both targets
-the small pull back occurred when pa broke that daily sup level & formed a small double top corrective move [circled]
-on smaller 15m tf pa broke the low followed by a retest
Trade closed: target reached
-closed trade +140.40 pips-review week
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.