Tshaw7

Tshaw7

Weekly resistance level hit and respected. Break of daily and 4hr trend line. Engulfing bearish candle. Gone for a 1:1.5 on this. Trade safe

Tshaw7

Price action from the monthly down to the daily showing bearish movement, however price has reached a monthly key support level that has recently been respected. Will be keeping a close eye on this pair and waiting for a break of trend line on the daily timeframe to confirm the downtrend is over and the key support level has been respected. If thats how it plays...

Tshaw7 Updated 

Perhaps an opportunity for a short trade to the downside, as we can see a level of support and resistance around 146.483 that has been tested on multiple occasions. Price could potentially rise up to the most recent support level (Highlighted zone) and continue on the down trend. Or perhaps break through and contest the level that we see higher on the chart and...