Hello pro's,
Here we have a typical suport (A) & resistance (B) pattern.
I suggest you to chose your team depending on this guidance:
If zone A gets broken, wait for a candlestick pattern for confirmation then enter into the buy transaction.
Same goes under zone B: If price breaks it, it will surely retest it then wait the pattern confirmation.
In my opinion this scenario is happening and i like to go with the price. Just go with the flow.
Tomorrow there are some important news on forex calendar so i'll drop em here.
(thank me later)
First :
9:15am
EUR
French Flash Services PMI
Second :
9:30am
EUR
German Flash Manufacturing PMI
Third:
10:00am
EUR
German ifo Business Climate
Conclusion: All 3 news have forecasts that are lower then previous sesion so we should expect a price drop of DAX index to zone C.
Remember, this is not the buttom, so in a 3th case, a double top / forming tripple top is forming.
If your analyse match mine, or atleast you embrace this type of analyse drop a like or a comment.
Feel free to show me your charts.
Here we have a typical suport (A) & resistance (B) pattern.
I suggest you to chose your team depending on this guidance:
If zone A gets broken, wait for a candlestick pattern for confirmation then enter into the buy transaction.
Same goes under zone B: If price breaks it, it will surely retest it then wait the pattern confirmation.
In my opinion this scenario is happening and i like to go with the price. Just go with the flow.
Tomorrow there are some important news on forex calendar so i'll drop em here.
(thank me later)
First :
9:15am
EUR
French Flash Services PMI
Second :
9:30am
EUR
German Flash Manufacturing PMI
Third:
10:00am
EUR
German ifo Business Climate
Conclusion: All 3 news have forecasts that are lower then previous sesion so we should expect a price drop of DAX index to zone C.
Remember, this is not the buttom, so in a 3th case, a double top / forming tripple top is forming.
If your analyse match mine, or atleast you embrace this type of analyse drop a like or a comment.
Feel free to show me your charts.
Comment:
First Path is taken! Go long !