rhinoforextrading

rhinoforextrading

I spotted that it was a continuation pattern forming when it confirmed and retested I knew was a strong long

rhinoforextrading

Came to Lower Low as it was respecting bearish trend,so Higher Low must be reached

rhinoforextrading

As seen on the chart cup and handle pattern formed/forming..confirmation to go short

rhinoforextrading

~Market at a respected zone and bullish candle formed..My reason for going long

rhinoforextrading

~Market at respected zones ~Bullish candle form (My reasons for going Long)

rhinoforextrading

M pattern/double top formed and bearish hammer formed so I went SHORT.

rhinoforextrading

Market respecting trendline and wick rejection which was a signal for me to go short.

rhinoforextrading

As seen the resistance has been tested multiple times but the market could'nt break above.Markets about to hit resistance zone again and my hypothesis tells me that markets gonna go bearish/short.

rhinoforextrading

Got three touches on the 2nd trendline meaning that the trendline is being respected.The market is currently at a major support which has been respected in the past and a green hammer formed and I executed a long position (buy)..

rhinoforextrading

Currently the market is at a major key area and as seen on higher timeframes it shows that EURUSD is in a uptrend, my trendline at the bottom confirms it as well..