Market was in a uptrend for a long period of time the market been gave us a type 2 chart pattern and now in a downtrend. Market is respecting the downtrend trendline very well and gave us two rejections from the 50% fib level now looking for a retest to push market more downside. retest of the trendline is also a retest of the support zone that was broken.
The market Trend is in a upward trend. The market was respecting the descending black TL the market then pushed down and was pushed back up by the buyer which broke the descending TL and retest it which is Support and resistance as well I'm looking for more upside from this trade lets see how it plays out
Market is respecting a retracement trend line to get a rejection from the res level that was not retested as yet I have a buy limit at RL to catch buys lets see how this trade goes
Market was in an uptrend when we got a type 1/market broke and retested a minor trendline and push to the downside/market had done a break and retest of the most recent support level that with the type gave me an ideal entry.
SOLD with 0.30 40 pips target.
