This beautiful structure and set up may be too straight forward to work out so simply
(Inverted H&S + Break of TrendLine + retest of my Magic Lines.....I mean!! that smells like a trap)
but it is convincing
and looks very delicious to not want to risk it to get the biscuit can you dig it?
Testing out this Supply and Demand style of analysis
So AXY should be Bullish according to S&D
(I'm new to this so please bare with me)
Anybody willing and able to give me pointers and advise is welcome
EXY is looking extremely weak based on technical and trend analysis which will hopefully be
respected by the market for those who wish to Short anything Euro related if it applies.
Magic lines have been respected in the past by price action so I hope the trend continues and
another factor that helped me come to this conclusion is the 3 rises and breaks with a W...
This could be a straight-away drop
TL is almost broken and a retest of the nearest supply zone has already happened
so there is only one place left for price to move after all retail traders have been wiped out of their positions