We will be looking for a pullback to previous resistance to enter new short in GER30 (D) with stops placed above highlighted green area. Breakout of upward sloping trendline was not convincing. If resistance holds, we will also have a double top pattern completion upon the break of the red neckline. We will wait for price action to indicate that new highs are...
Too much confluence is going on in order for me not to have taken this trade
- Weekly res retest for 3rd time with no break through
-EMAs looking to cross over shortly
-D is the target
- Trend resistance also in play
-Price action candle shooting star/invert hammer
- Weekly and Monthly suggest downtrend also
Waiting for RSI Bearish Divergence;
With a validated double bottom at previous support by a broken neck, the price is facing some pressure at the middle of the ascending channel. Weekly resistance above, price reversal zone at 88%, the Bat is almost completed.
The 38% retracement, and once there, close half position size and move Stops to...
I do not know what will eventually happen,But until then, staying the OODA Loop I've tried to take pulse of the chart.
The bullish intentions have been made clear. Lets see which setups plays out eventually.
Would have been stronger if this close was above the large red candle on left. (off by some 40pips)
Hence this keeps the options of deep retrace very...