Both the 4 hr and 8 hr time frame are now in a confirmed downtrend. There was strong rebound from the 12H trend line however the 12th time frame also shows a huge bearish engulfing candle that has not been superseded. I am also seeing a potential head and shoulders and this could be the right shoulder that is forming.
Remember risk management is key and STICK TO...
The day is now in a n up trend and we have hit day support and seen a strong bullish rejection. The 4hr time frame is also in an uptrend. I have also seen where the JPY and USD pairs are going to potentially sell which make this idea more valid. Lets buckle our seat belts and see how the market reacts
This was our markup from last week and the entry opportunity didnt come until Friday. This is just a reminder that trading is a marathon and not a sprint. We must be patient in order to reap consistent benefits.