Very candle stick rejection formed at a key resisting Trend line on the weekly.
On the weekly there was an accending channel which has been broken.
There was a an impulsive leg breaking the neckline of the H&S pattern. Now I am waiting for a pull back to the neck line with pending orders in that region with stops above the right shoulder. (4hr)
Targets / Key levels where a reversal could happen.
Target 1 - 0.88000
Target 2 - 0.87000
Target 3 - 0.84500
With a man like Boris as PM anything is possible. Lets see if we can reach targets and get a third entry.
Below in updates see a break down of the Daily and 4 Hourly
- Man Like Ray
On the weekly there was an accending channel which has been broken.
There was a an impulsive leg breaking the neckline of the H&S pattern. Now I am waiting for a pull back to the neck line with pending orders in that region with stops above the right shoulder. (4hr)
Targets / Key levels where a reversal could happen.
Target 1 - 0.88000
Target 2 - 0.87000
Target 3 - 0.84500
With a man like Boris as PM anything is possible. Lets see if we can reach targets and get a third entry.
Below in updates see a break down of the Daily and 4 Hourly
- Man Like Ray
Comment:
Comment:
Trade active:
Entry three active.Limit order was 0.89650
With a 4 hour pin bar close at the neck line. Lets see if there is follow throigh to make a lower low.
Two previous entries in profit
With a 4 hour pin bar close at the neck line. Lets see if there is follow throigh to make a lower low.
Two previous entries in profit
Comment:
Trade closed: stop reached