(by the time i was ready to publish idea the large bullish candle had just formed & i think closed over the blue resistance)
ranging within pink price channel which is slightly decending. Overall trend is pretty much sideways.
blue lines are resistances ( a former support) break above then price should reach the resistance of the pink price channel, break that then theres candles that need to be filled further up.
Im not perma bull but,
price has respected price channels (see previous post below - its the daily chart, with 2 overlapping main price channels and the temp purple price channel.
This week price found a strong support at 1782 area where it failed to close below for 4/5 days (even on the 1 hour time frame price couldn't close below),
Tuesday however did break this BUT the support from the purple temp price channel remained unbroken.
Of course there are huge data releases coming out this week, the manipulation to break 1782 on tuesday could have been to trap sellers with that seeing as price is back above 1782 major support .. currently sitting at 1789 at the time of typing.
Already in a buy as can see on this post, the last buy only made partial locked in profit before it dropped but It stopped at a level (the support from the pink price channel) which was already marked to enter a buy at a better price than the last trade (ill include below).
lets see how today goes, short term buy but see how the levels react but also not to forget speeches and data releases... thinking hellova manipulation day.. its wednesday.. thursday & friday will have the real directional move.
ranging within pink price channel which is slightly decending. Overall trend is pretty much sideways.
blue lines are resistances ( a former support) break above then price should reach the resistance of the pink price channel, break that then theres candles that need to be filled further up.
Im not perma bull but,
price has respected price channels (see previous post below - its the daily chart, with 2 overlapping main price channels and the temp purple price channel.
This week price found a strong support at 1782 area where it failed to close below for 4/5 days (even on the 1 hour time frame price couldn't close below),
Tuesday however did break this BUT the support from the purple temp price channel remained unbroken.
Of course there are huge data releases coming out this week, the manipulation to break 1782 on tuesday could have been to trap sellers with that seeing as price is back above 1782 major support .. currently sitting at 1789 at the time of typing.
Already in a buy as can see on this post, the last buy only made partial locked in profit before it dropped but It stopped at a level (the support from the pink price channel) which was already marked to enter a buy at a better price than the last trade (ill include below).
lets see how today goes, short term buy but see how the levels react but also not to forget speeches and data releases... thinking hellova manipulation day.. its wednesday.. thursday & friday will have the real directional move.
1827 area & 1853 area