Hi Traders!
The price is moving in a range - or it just hasn't a clear trend.
As you can see the price reached the Support below at 0.96400.
After that it rallyed towards the Resistance at 0.97300.
It was moving around there a bit and that's when the Trendline occured.
This trendline finally got broken.
Now we are trading because the Break is our entry...
as we notice on the blue line that it is a bullish trend which was broken with force thanks to a big red candle which means a sale, to make sure of the position I had to wait until the beginning of 'an impultion of sale as you notice on the graph between the two pink lines which was confirmed with another break of red candle, then we directly announce a SELL
this candle which is called spring box broke with force the line of the moving average , followed by three other candles trying to confirm the position . if we have another candle that wants to prick the line, or else we have another green, we pass our buy directly on this currency pair.
Stay tuned .
I feel very strongly that this is a possibility. Let me make this clear I am not a bear NOR a bull at anytime.. I am simply a trader. I must look at it from all angles. Below you can see the different angles.
-Bears perspective: We are currently trying to test new highs, but today's gap down shows exhaustion from the bulls. The market will continue to push till...
Good afternoon traders, If MSFT can hold its correction back into channel we should see some nice positive movement. This move down was mainly due to the JEDI ruling which learned toward Amazon. Quick TA, Please share your opinion, always love to hear!
DotcomJack
(I'm not a financial advisor... blah... blah.. I'm not providing financial advice..
As always we always look left when planning a trade. To the left is a clean candle so if price can break to around 120.500 that would be my entry to plan to go up to 120.550, which could then possibly lead to 120.600-120.620.
