f we see price break above previous high then we will buy thr market, if price goes above our ichimoku cloud which will suggest a strong sign for a reversal. Currently price action has illustrated a bullish hammer reversal candle, which suggest strong buying pressure. Price has resisted the 1.43263 support level ,however has been creating Lower highs. If price...
Currently the market has been forming LL and LH in a downtrend.Price is below our 200,50,20 EMA. As well as our ichimoku clouds are above price which suggest that the market is still in a bearish phase. With price action on our monthly weekly and daily has illustrated a bearish candlestick. , . Fianlly for price to reject our 20 EMA which will give us a final...
price has broken the channel and we are waiting a pullback before we attempt to short the market and sell. we shall be awaiting a candlestick reversal to occur and we shall be taking profits at the previous support.
If we continue in the downtrend and don't break above the previous high we should see a retracement of up to 618 and a pullback to the downside of up to a -0.272 fib ratio.
