🧊 Hey! Wishing well as always. Just wanted to get up a quick observation on stuff and I'll try to be brief as possible of course.
🧊 We managed to break above our resistance which was good but ultimately are still dealing with our 0.396 marking continuing to face pressure in breaking our Ice. Good to note though is that we haven't really lost our ground though which is great as always but our 200 EMA is creeping up on us and if you've been here you already know what such means.
🧊 With sideways trading and the resistance point at 0.396 we'll have to see if we can avoid falling below that 200 EMA or possibly retest it before breaking up and above by which we'll have to deal with the new resistance line I've added. It's the solid blue line that's angled. It represents our Ice sheet which we wish to break through for a breakout so I'm keeping note of that.
🧊 Whilst we can have a breakout we equally face the very opposite and could hit that resistance again thus retracing further down most likely below that 200 EMA to where 0.387 should be a good point to watch for support but if we experience a 'mountain fall' and start dropping dramatically then look to my next mark at 0.379 for that retest if we drop quick like that.
🧊I've got to leave the idea here for now as I said I'd be short but thank you for taking the time to tune in and read, I really do appreciate it. If you'd like to leave a like or follow and share it'd be much appreciated per usual, thank you and have a great one.
~ Rock '
🧊 We managed to break above our resistance which was good but ultimately are still dealing with our 0.396 marking continuing to face pressure in breaking our Ice. Good to note though is that we haven't really lost our ground though which is great as always but our 200 EMA is creeping up on us and if you've been here you already know what such means.
🧊 With sideways trading and the resistance point at 0.396 we'll have to see if we can avoid falling below that 200 EMA or possibly retest it before breaking up and above by which we'll have to deal with the new resistance line I've added. It's the solid blue line that's angled. It represents our Ice sheet which we wish to break through for a breakout so I'm keeping note of that.
🧊 Whilst we can have a breakout we equally face the very opposite and could hit that resistance again thus retracing further down most likely below that 200 EMA to where 0.387 should be a good point to watch for support but if we experience a 'mountain fall' and start dropping dramatically then look to my next mark at 0.379 for that retest if we drop quick like that.
🧊I've got to leave the idea here for now as I said I'd be short but thank you for taking the time to tune in and read, I really do appreciate it. If you'd like to leave a like or follow and share it'd be much appreciated per usual, thank you and have a great one.
~ Rock '
