Price broke support and likely to retest to a previous support form resistance or will form an inverted flag pattern for shorting opportunities. monitor price actions on lower timeframes
Price is close to resistance at 1.7800. Sellers are in control as long as this level holds. Look
to sell rejection patterns i.e. pin bars/ engulfing patterns/ false breaks off 1.7800 and target
1.7200.
Price broke out of 78.00 resistance previous and now 78.00 is acting as support. Buyers are
in control as long as 78.00 holds. A false break pattern has occurred, look to long and target
81.50.
Price broke out the resistance and creating higher lows. This indicates that the
buyers are in control. you can short the retest the support or wait before you long the market. N.B wait for your rejection candle
Price bounced off a higher time frame support and broke above resistance. Buyers are in
control as long as 1.3500 holds. Look to sell rejection patterns
