Chase4ex

Chase4ex

the recent weekly bearish engulfing candle seemed to be false either or it has made its move to the downside and become exhausted, daily and 4hr charts still show momentum to the upside. Confluence with this 3.618 level and a prior resistance level dictates this could be a very likely move as the pair has recently shot up and respected the 2.618 fib level well...

Chase4ex

Looking at price slowly trying to push up I can see it going back down into this zone drawn then bouncing back up off the minor support line (Green) and pushing up further after breaking the preceding trend line (red) If it were to continue on its way down and bounce off the trendline staying in this zone (blue) I may short it for a decent amount of pips as it...