m/bearish trend heavy broke thru w sup 0.6240 and now coming up
LH confirmed at purple zone/ newly found RES
-LL broken
-pa now reaching a SUP zone (green)
-pa has touched w sup 0.6240 & broke thru the lower end of the bearish channel
-will pa continue to move bearish or go ahead and form a low?
-will pa be in a bull correction from reaching a sup level; if so big or small?
-LL broken
-pa now reaching a SUP zone (green)
-pa has touched w sup 0.6240 & broke thru the lower end of the bearish channel
-will pa continue to move bearish or go ahead and form a low?
-will pa be in a bull correction from reaching a sup level; if so big or small?
Comment:
PA hasnt broken any lows yet nor SUP zone
Comment:
lows were broken in SUP zone (green)
-looks like a descending triangle formation along the lows of green SUP zone
-a pullback will complete move, price alert set
-pa has possibly made a low, smaller tf looks like a double bottom
-pa has reached a daily SUP area 0.60335, low formation in this area
-looks like a descending triangle formation along the lows of green SUP zone
-a pullback will complete move, price alert set
-pa has possibly made a low, smaller tf looks like a double bottom
-pa has reached a daily SUP area 0.60335, low formation in this area
Comment:
KEEP IN MIND
**will pa be in a bull correction from reaching a sup level; if so big or small?
**will pa be in a bull correction from reaching a sup level; if so big or small?
Comment:
march 17 - what happened was price did make a temporary low but didnt pull all the way back to sup as originally thought
-with low being formed, fibs should have been utilized but werent, pa made a double top correction along 38.2 fib level 0.60278 which was in confluence with daily sup level pa hit both targets
-the small pull back occurred when pa broke that daily sup level & formed a small double top corrective move
-on smaller 15m tf pa broke the low followed by a retest
-with low being formed, fibs should have been utilized but werent, pa made a double top correction along 38.2 fib level 0.60278 which was in confluence with daily sup level pa hit both targets
-the small pull back occurred when pa broke that daily sup level & formed a small double top corrective move
-on smaller 15m tf pa broke the low followed by a retest
Trade closed: target reached:
-closed trade +140.40 pips
-review week
-review week