first time trying anylasis on oil, very risky nowdays with the trade war
Hope you like it, because volatility wait for horizontal line breakout that I did, because im still not sure if it will go up
Waiting for confirmation for new plan falks, if EUR/USD breaking the trend line and there is good bullish trending candles I`ll post a long entry
We can see a really good fight with price action between the bears and the bulls, the bulls not letting AUD getting lower than the horizontal line I made. May be a really good entry falks.
After picturing myself the long big channel we can see that the macd is allmost on its 12 and 26 unite point, and also a big bearish candle on the end with a high volume. Good but not perfect entry going on my guts with this one.
Eur is defently bearish but we are trying to going for scalp on this downtrend for small profit. 1st Take Profit point on the red zone.