Trader_366_FX

Trader_366_FX Updated  Mar 16, 2021

OVERALL TREND: BEARISH ON THE DAILY, BUT A BULLISH FLAG FORMING ON THE WEEKLY TF On the 1H TF we see a previous support levels that have been tested over time as support to the upside. Price may consolidate around this zone. We could either wait for a breakout of that zone or trade reversals within that zone. High probability that buyers are in control and ...

Trader_366_FX Updated  Mar 16, 2021

Here we see a potential short position as price just broke out of a bearish flag pattern on H4 and retested on H1, as well as broke out of a strong support level looking left. Looking for candlestick confirmation on H1 to take our short position and try to ride the bear run down to zone 1.72390 and 1.72263

Trader_366_FX Updated  Mar 15, 2021

OVERALL TREND: BULLISH ON THE DAILY, AND REVERSING FROM A KEY RESISTANCE LEVEL ON THE WEEKLY. On the 4H TF we see a breakout of a bearish trend channel followed by a ranging new high, a lower low, and approaching key zone 1. Two ways it can go from there, it can break into higher highs, or retest into key zone 2, at which there is a potential to proceed towards...