BWSTRADES

BWSTRADES Updated 

Current trend= Bearish Short - Mid term trend= Bearish Long term trend+ bullish ------------------------------------------------------- 1D structure=Bearish channel All time structure= fully formed cup, Handle in progress Death cross on EMA potential short profits multiples supports broken .............................................. Bears target=...

BWSTRADES

As you can see there is a flag pole structure on the day candle, bringing some short to mid term bullish sentiments, combined with price sitting above the 200 day MA, adding a 50 day MA would also dhow price sitting well above it, adding that price bounced off the 50% fib retracement and is heading for the 38.2 with a bullish flag could mean a complete retracement...

BWSTRADES Updated 

Bulls failed to take control of the 1.07250 resistance leading to further declines to 1.06250 support. price is currently in a wedge and has found minor support at 1,06750 and minor resistance at 1.06950. price is trading just under the keltner channel's middle band and could be a sign of the bearish momentum continuing. accompanied with the 23rd June 2020...

BWSTRADES Updated 

Moving From a Downtrend, price found support around 21.50000, we have since tested the 22.7000 resistance/support that dates back to 26th march 2020 and found 26th may 2020 support, confirmation of the bullish momentum can be taken by the close of the day candle in the resistance zone and the RISING THREE METHOD candlestick pattern, the curve of the keltner...

BWSTRADES Updated 

Overall trend is bullish, Looks to me like the pullback from resistance is as a result of Take profits and a strong dollar from previous trade day as Price is sitting above the middle keltner channel indicator. Bullish Bias should play out if price hold above 1765, if broken, we could see a push to the 1755 mid support, further breakdown would see a test of 1738...