Looking for signal that LONG may come into play.
*Current Status* - Rolling into Weekly and Daily Resistance Zone with ease. *My Expectation* - Expecting a retrace to the previous Resistance Zone (which has now become Support) for another push to test the Resistance Zone again (1.91750 and 1.89964). *Alternative Scenario* - The Daily / Weekly Resistance Zone HOLDS ITS GROUND FIRMLY and instead, break the...
Another Range? Looks pretty steep, to be honest. The LONG is still pretty strong at the moment.
Approaching the 'Blue' trend line. Observe how the market reacts to the line. ================================================================= Plan A: IF Break below, close below the 'Blue' Trend Line. Depends on how strong the candlestick closes, RSI may tap Oversold area and bounce up to meet the Recently-Broken 'Blue' Trend line for a test. Look for entry for...
If it breaks the 0.78340 and the support range 0.78244 - 0.78106, look for entry short. If so the TP is near 0.76800 as it may turn into a range on Daily chart and bounce off.