Hey Guys,
i draw several Chanels and important Areas.
We got overall a Big Bullish Move ( Big Red line )
Inside of that we have a bearish Move (Light Blue ) which was broken to the upside around 22.09.2014
The Breakout did creat the new bullish Channel with the purple Borders.
We did reach the upper Side of this one now!
PLUS 0.50 % retracement of the Light Blue Bear Move.
PLUS Strong Resistance at that Area with the Red dotted Line
PLUS A nice 4h Candle Wick
Im Looking for Target at around 1.4383 ( 0.764 Fibonacci of the recent BullMove and bottom of purple channel)
StopLoss at around 1.4887 or 1.490
Entry Point at Market price now for 1.4730
I see Continuation to the downside now!
GUYS What do you Think? ;-)
i draw several Chanels and important Areas.
We got overall a Big Bullish Move ( Big Red line )
Inside of that we have a bearish Move (Light Blue ) which was broken to the upside around 22.09.2014
The Breakout did creat the new bullish Channel with the purple Borders.
We did reach the upper Side of this one now!
PLUS 0.50 % retracement of the Light Blue Bear Move.
PLUS Strong Resistance at that Area with the Red dotted Line
PLUS A nice 4h Candle Wick
Im Looking for Target at around 1.4383 ( 0.764 Fibonacci of the recent BullMove and bottom of purple channel)
StopLoss at around 1.4887 or 1.490
Entry Point at Market price now for 1.4730
I see Continuation to the downside now!
GUYS What do you Think? ;-)