Trendline Break and possible retest followed by zone retest. I can see this continuing down to the next zone before retesting the trendline
This is my outlook for USDSEK this week. I am looking at a sell since there have been two break and retests for entry and I strongly feel that it will hit -.618% on the fib.
This is on a higher timeframe so it will take time for the positions to play out if this is accurate. There is always a chance that the market can continue in the opposite direction but in the current state, trading based off of what I see, there has been a clear break and retest on a major trend line. I always look for major support and once support is broken, I...
This is on a higher timeframe so it will take time for the positions to play out if this is accurate. There is always a chance that the market can continue in the opposite direction but in the current state, trading based off of what I see, there has been a clear break and retest on a major trend line. I always look for major support and once support is broken, I...