2008: Price rallied Breaking (0.65) level until 2014.
2014: Price came down to test (0.65) area but cannot break past this level.
200 acting as magnetic Support
50 acting as Magnetic Resistance
2014: Movement broke past (0.72) level in 2015
2015-Present : Currently in a .
reached back up into (0.72) level but there is strong rejection of wicks which indicate movement.
200 Acting as Magnetic Resistance
(PRICE) currently around 50 acting as Magnetic Support.
Price Pushed ( ) Past 10,20 these past two weeks with strong Candles.
3 Month Common Retest of (0.72) Level but unbroken Resistance
200 Acting as Magnetic Support
10,20,50 recently Broken by Movement
Trade Time: LONG TERM
Decision: I have decided to short this Pair. I will be Shorting this Pair on BREAK OF...
Lower (See chart)
200 ( See )
(2015-2016) Of Movement (Not shown on chart)
Sell Stop Order: 0.6971
Thank you for viewing my idea. If you decide to take this trade,please leave a comment and a thumbs up. I will be happy to stay in touch to see how the setup is planning out.
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Remember to always trade your strategy... Happy Trading