FAKE BREAKOUT, WEAK CANDLES, GOOD RISK REWARD RATIO 1:2
price is consolidating at resistance and showing strength, good risk reward ratio 1:2
price is consolidating and showing strength, broke previous resistance and came back to my fib level, good risk reward ratio 1:4
accumulating, anticipating the fifth move risk 5:1
gold has shown indication of regaining strength. 1- broke important trend line. 2- creating higher swing low. 3- creating higher swing high. america started QE strategy to minimize the effect of corona virus on their economy. QE means basically printing more money. furthermore, corona virus is now everywhere.thus, there is no currency provide a safe heaven for...
we have two swing lows has not been breached, and two swing highs has been breached, now price came back to the 0.618 fib ratio. sl at first swing low , tp at last swing high which is still valid.
clear trendline, broken resistance, building momentum
nzd/jpy breeched 71.000 level which is an important level, also this level line up with fib 0.618, price rejected this level multiple times
price breached previous swing low, weakness in price slowing momentum, good risk reward opportunity
we have two swing lows has not been breached, and two swing highs has been breached, now price came back to the 0.618 fib ratio. sl at first swing low , tp at last swing high which is still valid.
price is failing to break this resistance, weak candles, anticipating big move