i have taken this short position purely because we have recently tested a previous resistance level and also i think that price will take a downwards leap down to the 380 retracement level due to the fact thats where we saw all the volatility from last nights trump speech
Comments
Trader_Dale
⋅
Based on Market Profile (volumes) and Price Action there is very strong swing support at 0.7246. There was about 2 week rotation where the big players accumulated their long trades and then moved the price agressively higher. You Can see this strong trading activity even on yearly volume profile!
If the price comes back to 0.7246 I think that the agressive buyers will come again and push the price higher once more.
Here is my analysis:
abdalla.raffoul
⋅
nice chart , high probability to reach 61.8 retracement and then you will have a good inverted head an shoulders reversal , watch for it :D
If the price comes back to 0.7246 I think that the agressive buyers will come again and push the price higher once more.
Here is my analysis: