support in the the trade waiting on a clean break of support for a short position time for a break out to the downside???
if this area holds once again i will long this pair back into resistance
neutral at this point momentum is favouring the upside trend
resistance above head and shoulders look a like pattern
ema croosed over a clear break with pa signal
will set me to the short side
im neutral at this point my first filters have been made to the bearish side
a break of this area retrace for a pa signal to enter short
prefered trade is long with the trend
im entering short at 50 percent retracment of the big bearish bar with now becomes short term resistance
dynamic resistance and a clear push off key resistance above
risk reward 1- 3
dynamic support area.. trend line will validate if it bounces from this area... clear support area...
looking for pa signal arond this area
beware of longterm weekly trendline
if support holds we could resume the uptrend
look for price action in these areas or a clear break of key resistance
A BREAK THREW 38.2 WITH RETRACE PRICE ACTION SIGNAL WOULD SET ME OFF SHORT
prefered trade is long with the trend
