Price has broken out of the daily bearish pennant pattern, now rejecting off daily resistance / supply zone creating a lower high. Will be watching for a rejection to the zone above for a potential entry back to the downside with a very good risk / reward ratio..
My mentor & I are starting a telegram group, & will have the free trial starting next week. For more info private msg me your telegram ID to be added in.. : )
My mentor & I are starting a telegram group, & will have the free trial starting next week. For more info private msg me your telegram ID to be added in.. : )
Comment:
Daily
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Daily: Textbook bearish pennant break & retest, leading with a bearish engulfing candlestick
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Dollar index resistance breakout
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Target reached!!
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next 2 downside targets below, there is still a gap at 1.07500 that has not been filled on the weekly timeframe. This will be my swing setup to focus on
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Next downside target
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Weekly: Looking at the bigger picture, price is now back in the monthly consolidation range from awhile back, & my overall projected downside target will be 1.08500 region