On the weekly time frame
After making a failled pin bar buy signal at the major weekly resistance at 1.900 price has been moving down with the initial down trend.
On the daily time frame
A lot of interesting price action sell signals has been formed
I have added my both positions and will add more in the coming ...
after getting rejected 3 times from the trend line a huge shooting star signal has formed on the weekly chart
on the daily chart price had made a double top, broke the neck line and has retraced back to the neck line towards 61.8% fib and got bounced off the trend line.
target 1 @1.5900
target 2 @1.5500
Price is on a bearish move on the monthly chart it tested the major resistance and counter trend line but could not break it ever since price has rolled over.
REASON TO TAKE THIS TRADE
Monthly trend bearish
shooting star signal on the weekly chart at my kill zone
tweezer top formed on the daily
38.2 fib retraced
This pair has been on a bullish trend with higher highs and higher Lows currently price broke above the minor weekly trend line and a minor resistance with a huge bullish candle.
opened long position at 4 hour pin bar signal at the minor resistance now turned support.
target 1 at 1.6500
target 2 at 1.7500 for new ...