1. Significant resistance @ 1.079 2. Significant resistance is between Fib 50% and 61.80% 3. Harmonic Bearish ABCD reversal pattern spotted on a daily chart. Strong point for the Bears. 4. Historic view also shows a Resistance level of 1.079 received respect.
BULLISH INDICATOR (DEC 14)
1. Bullish trend, HHs and HLs 2. Strong bullish candle at sig support of 0.95 3. Bullish channel and price expected to respect it
PREDICTION
1. Bullish rally may reverse around the significant resistance level of 1.079 2. But it might test significant resistance before going Bullish again
BIASE 1 = SHORT - PLAN A (Sell Limit @ 1.079)
BIASE 2 LONG - PLAN B, (If resistance retested and SL of PLAN A is hit)
Congratulations and well done for sharing your first idea with the community. Hope you will be having great experience. Thanks for your contribution. From mod @Bravetotrade
Hope you will be having great experience.
Thanks for your contribution.
From mod @Bravetotrade