maybe will drop a few more pips...at the weekly 50 retracement lvl..so be careful
now that the bulls have had there fun...time for the bears...
3 tools you could never go wrong with.......draw your trend lines up in your daily chart for scalpers.....support and resistance in 4hr...and 1 hr charts...and catch those pips!!!!!!!!
elliots impulse wave number 5 is about to begin
hit first target today!!!! i dont think gj is ready to turn around yet without dropping a few more pips...
still seeing divergence looking at gj... price will continue to drop to 143.800 fib rsi trendlines and S/R never fails or yeah and chart patterns
so if you missed the retracement at the 618 you can catch it at the 076 fib lvl
the combination of using these tools allows the best entry points into the market with low risk and high rewards,,, notice how price is reading different on the chart compared to the rsi.. now look and the stoch indicater... clear sign of divergence.. with price retracing back to 76.4 fib lvl.. forming a rising wedge another clear sign that price will continue...