EURCHF EET MOORE PROFIT: PENNANTS AND FIBONACCI CONFLUENCE
Lots of confluence on multiple time frames.
You can see on the chart, price has not been able to break through the black-box area.
Also after a weekly green candle closes, usually, the next weekly candle after tends to rise a bit in price and then finish the week out bearish.
WILL UPDATE WITH MY TRADE PLAN AS IT UNFOLDS.
Feel Free to comment anything to help confirm my idea.
Thank you
Peace and Bliss
--King
You can see on the chart, price has not been able to break through the black-box area.
Also after a weekly green candle closes, usually, the next weekly candle after tends to rise a bit in price and then finish the week out bearish.
WILL UPDATE WITH MY TRADE PLAN AS IT UNFOLDS.
Feel Free to comment anything to help confirm my idea.
Thank you
Peace and Bliss
--King
Comment:
We have our touch into the resitance area. Looking for a rejection. To confirm short entry. The monthly candle closes in less than 8 hrs.
Comment:
Hourly resistance @ 1.09825