Daily Resistance-turned-Support
Updated
- Roses are red, violets are blue. I’m looking at these hot dollar charts and you should, too!
- This level was like a nightmare for bulls from Apr2016-to-May2017 before it finally break above in Jul, as you all know this resistance turned to support level so it's not surprising that the pair retrace from this area since 50% fibo retracement right smack on it, RSI is kissing oversold area, with that hot doji candle
- Buying at current levels could still get you a pretty sweet deal especially if you aim for the previous highs 0.8000. If you’re no fan of the (Aussi) , though, then you could also wait for a break below the support level and trade a downside breakout instead.
Good luck brothas !
- This level was like a nightmare for bulls from Apr2016-to-May2017 before it finally break above in Jul, as you all know this resistance turned to support level so it's not surprising that the pair retrace from this area since 50% fibo retracement right smack on it, RSI is kissing oversold area, with that hot doji candle
- Buying at current levels could still get you a pretty sweet deal especially if you aim for the previous highs 0.8000. If you’re no fan of the (Aussi) , though, then you could also wait for a break below the support level and trade a downside breakout instead.
Good luck brothas !
Note
ride the wave a gain, tomorrow this pair will be on fire take a chance now, buying at this levels could gives you a sweet risk to reward ratios, good luck $$
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