neat_trader

neat_trader Updated 

possibly will meet previous structure highs after we break minor resistance area. we do have exhaustion to the down side.

neat_trader Updated 

been trending up for some time now and found resistance near 113.600 price area. we measure from X to A (previous low to previous high) and have the 38.2 acting as support if it holds i believe we will meet with minor resistance, if bulls break minor resistance we will meet with major resistance.

neat_trader

we made a big bearish run to weekly lows and started making a retracement. we measure from X to A and we have clear evidence that we are respecting the 50% level. we are now witnessing a break of our consolidation box to the down side. over all expect a new daily low at the -27.0 area.

neat_trader

we measure the most recent low to the most recent high. we are seeing rejection off the 38.2 level. target one is at the -27.0 level. opened position 2:1 R<R RISK: 25 pips REWARD 50 pips

neat_trader

if we manage to close above the previous higher close were i layout the highlighted red zone, we can rally higher back into our major supply zone which are the previous weekly highs.

neat_trader

AS we can see on the chart, we've respected our trendline for the 3rd time. we broke above an important supply and demand zone. i am expecting price @0.80's