Trend Is Your Friend
1. One touch, Two Touch and Three Touches
complete a trend.
2. EMA acting as dynamic resistance
3. Market has entered an area of sensitivity
@ 19.8000 also know as a psychological level
where institutions place orders and take profit
4. Waiting for 3 two hour candles to show signs
of rejection to place sell...
Pattern: Channel Up on 1W.
Signal: Bullish as the pattern is close to making a Higher Low. Confirmation comes once the RSI tests the symmetrical Support Zone.
Target: 16.7500 (just below the Symmetrical Resistance).
Previous targets hit:
