After breaking out of the 3 month box consolidation to the downside, following a huge bullish run. Price has come back to re-test the bottom of the consolidation range.
With this is also the tweezer tops candle stick pattern at the 1.24500 level and also testing the 0.618 retrace from the major swing high in ...
- Broke the key 0.90 level and have retested with a nice pin bar and doji
- broke and retesting upward trend line from the lows of last october, november and december
- 0.382 retrace from the bearish run
Took a long position on the 27th above the highs of the low test candle that formed on the 26th.
- Rejecting key level at 1.24
- Rejecting 50EMA
Targets - 1.295
will monitor price action at the 1.27 level and manage the trade from there
Huge low test to Finnish the week last week at 1.9.
also rejecting the upward trendline from the swing lows dating back from sep 2014.
Will be monitoring and managing this trade from the daily and looking at 2.0 as initial target.
Price has fallen to 1.95 and finding some support
still to early to call it on this current daily candle.
A close where it is currently would be nice
With entries being just above the high
Now its just about being patient
Price has dropped signifficantly from the 1.552 levels as expected after retesting previous support .
Price is looking to drop to the 1.522 - 1.52 zone highlighted
Will be looking for a Buy signal for price to retest the 1.535 levels
price has come up to test resistance level at 93.6.
will be looking to go short if current daily candle can close with a nice upper wick and closing below the 93.6 level.
Stops will be a few pips above current daily candle at 93.960
with entry at 93.22
1st target will be at 92.6
with main target at 91.1