E/U is now making its way to the broken ress level now support. Fibo a-b gives us a nice retracement of the 0.382 fibo level which allings with our support level. Doji candles maybe expected. Remember the market does what it wants so it could go straight through and hit 2 support lvl
A breakout from the TL has caused it to drastically move upwards. Now time for a pull back ! It has recently broke the support level and tested it again as resistance and the TL on the 4 hour. The MA soon to be crossing.
-Going to prevous support structure which is now resistance.
-Rsi divergence on the h1 and channel being formed.
-Fibo extension 0.786 from high to low and fibo retractment 3.618 allign at the resistance.
- Rsi going to oversold territory at above 85 on the daily
Looking to sell at the zone above 1.30772
Big m formation in a triangle pattern...
if it breaks out from M then short till 0.236 fibo level.. expect a retract back to the break out and it should then carry on falling till support t l
Chart pattern: Sym Triangle.
Formation of a M pattern.
IF it breaks out from 0.5 fibo level. short till 0.236
Should be expecting another Retract to the breakout Area and then short from their. :)
Ive been trading for some months so dont bite ;0