After a failed fist attempt, here I am seeing TONS of bullish signs....
1. 61.8% Fibonacci level in play
2. Last week Friday = doji (indecision - bears losing steam?)
3. Support pinned
4. Lower bollinger pinned
This is starting to look like an inverse head and shoulder pattern with each shoulder and the head having 2 bumps. I am still aware of the capped trend line BUT analyzing on the weekly time frame shows good support so i look to buy, especially where there are opportunities with very low risk....I'll be using price action on H4 to find a good place to enter the market IF it happens.
What is my major concern with this pair and why not just jump in? See the bearish engulfing bar on the weekly time frame
Join me in Forex Bootcamp for live updates using the link below.
Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only.
You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg/sf/ZN3TE
DISCLAIMER
All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
1. 61.8% Fibonacci level in play
2. Last week Friday = doji (indecision - bears losing steam?)
3. Support pinned
4. Lower bollinger pinned
This is starting to look like an inverse head and shoulder pattern with each shoulder and the head having 2 bumps. I am still aware of the capped trend line BUT analyzing on the weekly time frame shows good support so i look to buy, especially where there are opportunities with very low risk....I'll be using price action on H4 to find a good place to enter the market IF it happens.
What is my major concern with this pair and why not just jump in? See the bearish engulfing bar on the weekly time frame
Join me in Forex Bootcamp for live updates using the link below.
Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only.
You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg/sf/ZN3TE
DISCLAIMER
All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.