Previously broke structure of resistance. Sitting now at another form of resistance. Showing wicks. at top of bullish channel.
Suspect a retest of the past resistance as support now. Look for the reversals on the smaller time frame.
I saw EN has been published, but just want to emphasize that this is a pullback opportunity. The dominant bullish channel has been broken, now we are getting a pullback correction. Let's see if we can get profit up to the 61.8 fib. And then ride it back down.
Hope Everyone had a good weekend!
So as you know we had some strong data from NFP this past Friday that put the USD bullish on a majority of all pairs.
EU broke the bullish channel, so now i'm waiting to see if we get a double bottom. The key is to look for price action around that area.
My entry wont come until we get a impulse bullish, after we break a...
First, congrats to anyone who took the short on the previous published idea!
Today we are looking for the reversals to go long. We do have NFP today, which could give good position if we get a nice spike down. If we get a spike bullish with NFP, I plan to enter on the retest. Good luck everyone!
Happy Independence Day!