Market broke out of from a 3 month downward channel and was making strong HH's and HL's then consolidated and had a strong break to the downside(to possibly gather more orders). Waiting for H4 rejection candles in my golden zone then i'll look to enter on the 15 minute time frame
The market is currently at a strong area of resistance which closed with a shooting start candlestick formation and has tested the area multiple times in the past 24 hours which is a good indication that the market could possibly turn around. The MACD shows along with the ADX and DI show that the bullish trend has weakened coupled with it being on a 61.8%...
Price had formed an H4 double top at a monthly resistance and dropped all the way to monthly support (now resistance) which it broke and retested and dropped again. The market then went into consolidation which it broke out of when the the Chair of Supervisory Board of the ECB (European Central Bank ), Andrea Enria, spoke. Now price is at my 32.8% fib level and...
