We are seeing the breakout of ascending trend line from March 20 Low technically if we can get a retest of the recent support turn resistance it will give a good confluence to look for a short trade.
Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
Disclaimer the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. _________________________________________________________________________________________________________________________________________
great analysis how did you come up with support level ?
Etrader-forex
⋅
I agree I see a pullback until 104/105, here is my analysis
alexlqi
⋅
Yeah, I agree with you, I actually took a little more risk because I went short since the top of the wedge.
alexlqi
⋅
I also think that it's only a pull back for the main trend as it's forming wave 4
Lingrid
⋅
good idea))
look my
alexlqi
⋅
@Lingrid, why do you think it will go all the way to that level? I mean, I know it's a support/resistance zone but there's another zone between 109.3-110.0