Prices have dropped to a key H4 level. Bullish engulfing pattern at this H4 level. Pending order above the high of this pattern. TP1: 75.550 TP2: 76.000 SL a few pips below the red candle. Also, lets go AGY.AX!!!
Company has signed a sales agreement with Mitsubishi. CR also has just been pretty much completed. Also it seems like the lithium sentiment has stabilised and on the move up. Short term targets are: 18.5c (last CR) & 25c (key level in the past) Thoughts?
Prices have been ranging since the start of March The H4 zone has been a strong supply zone (resistance) with prices consistently reversing once the market has reached this point. It can be seen that prices have looked to have reversed once again. I will look to sell into the next H1 zone below (1.76500ish). Potentially also the next zone down as a target...
Prices have been ranging since the start of March The H4 zone has been a strong supply zone (resistance) with prices consistently reversing once the market has reached this point. If prices can strongly break past the first H1 zone (1.76280), I will look to sell into the next H1 zone below (1.75000). Please note I'm just using this as practice, for the future....
Prices seems to be in a range since the start of 2019. It can be seen that prices have hit a major H4 zone within that range which has previously shown a reversal. In this chart, it can be seen there has been a strong down move but a long wick candle was printed when prices hit this H4 zone. Therefore we will look to have a bullish entry as I believe a reversal...