alancent
expecting bullish momentum rally and a rejection bounce from the 618
let see what happens, engulfing trap candle break and retest
after a long bullrun, prepare for a long bearish momentum , looking for shorting only
maybe good for a quick 20 pip scalp using trap candle strategy
it could go down....or up ! first ever markup on oil
uh oh looks like it broke above zone , watch for retest and bullish confirmation at zone, be mindful of FOMC
in my previous mark up, i expected ucad to drop for a retest of a major support level/top of a symmetrical triangle pattern, now lets see if support keeps holding and we see a bullish move to at least TP1 area, then maybe a brief period of consolidation before it keeps rising, this is just an idea, but i am in currently in this trade.
could buy up to the trend line with .618 fibonacci confluence, which also happens to be a strong daily supply zone multiple times in the past, i could see either the big drop if it begins to sell off of the .618, or a huge rise if it breaks above and retest the daily trend line, my eyes are still new and this is only an idea according to what i see, gold does...
interested to see what happens during the AUD news at 9:30 pm EST