We had an indecision closure yesterday off our weekly trend line. Price is currently below our entry and therefore we can open a buy stop above price. Target 550 pips. However, my long bias would be invalid if we break our weekly trend line today. LIKE & SHARE.....
Left [ Weekly ] Right [ Daily ] Intraday short to 1.1000 Key Level for 180 pips. Once we get that 71% discount and a rejection ...we can go ahead and open buy positions for 400 pips
We took out our descending weekly trend line and we held at 0% . Discount of 78.6% is perfectly inline to the retest off the trend line it broke to create the Right Shoulder of the inverse Head & Shoulder reversal pattern. 2,000 pips target.