Price has been surging upwards. based on this what I'm looking to see is either for price to pull back to the purple pf line or to break the line and retrace.
Price seems to be in an uptrend. But is also at a qtline. I am looking for price to either push up and retest for an entry or reject and retest for a sell.
ENtered the trade because of a pf bounce and a fast confirmation. Had a 10 pip stoploss. Was unable to stay at the trading station so I put a 10pip tp. At the time of this post Price is still dropping and the hull has yet to flip. Looking for either a reversal at the trendline or a break and retest reversal at the trendline. The reason I entered this trade is...
I think that price is in a down trend because of the lower highs and lower lows.
The pitchfork I have has been Validated. I am looking for price to either Bounce on the upper parallel where there as been previous resistance and a QT line or to brek the UP and check it before continuing downward
Price seems to be in an uptrend. There has been an uptrend in price. Price hit the 48.6 and 48.1 fibo and reversed. There are also trendlines a quarter theory line and a pf line in the area. Looking for price to reverse and bounce from that area. There will be news in an hour and a half.
There was a Quarter theory line, a trend line and a pitchfork line in this area. There was also a 61.8 fibo. Price pulled back 6pips before moving up 23 pips. if a 10 pip stop was used it would not have been hit
I think price is currently in an uptrend because of higher highs and lower lows. I'm looking for price to pull back to the upper parallel of the pf for an entry there.
