Naomi293

Naomi293

Wait for price action to: - reach neckline - cross 25 EMA - retest support zone (for a safer trade)

Naomi293

- Head and Shoulders Pattern completed - Price retested neckline and broke through - Could be due to price being oversold ? - Price might not follow pattern as US economy is currently doing good ? - If price retests again then trade would be safer to enter

Naomi293

- Breakout from symmetrical triangle - Price Action below 25 EMA - Tested the upper limit of the triangle and failed

Naomi293 Updated 

- Overall trend up - RSI and Stochastic Oscillator indicating pair is over sold TP1 1.1656 TP2 1.6771

Naomi293 Updated 

Stochastic Oscillator indicating oversold levels Hammer candlestick leading to a potential bullish reversal Hit Fib levels at 0.5 (possible support) Overall trend seems to be bullish

Naomi293

Head and Shoulders formed If price respects the blue zone with the neckline now becoming resistance then enter trade

Naomi293

Current Overall trend seems to be bullish Price bounced off trendline Perfect 0.5 retracement 1st and 2nd wave completed could be forming 3rd wave now ADX confirms market is currently trending RSI shows market was previously oversold

Naomi293

5-wave