PRICE RESPECTS TRENDLINE. MERRY XMAS & HAPPY NEW YEAR~
hit upper boundary & bounce off~ Short till support~confluent with 0.5 fibo retrace
God is the mathematician. Fibo~ Fibo everywhere
price bouncing back & forth from upper/lower boundary of channel now price hit upper boundary, which confluent with horizontal resistance~fibo retrace
nice 200 pips~ simplicity is the ultimate sophistication~
BIG TIMEFRAME HORIZONTAL & DIAGONAL RESISTANCE SHORT TILL 0.5 RETRACE
WE HAVE SHORTED THIS PAIR AND CLOSED THE POSITION. NOW THE PRICE PULLBACK AGAIN TO RESISTANCE (TRENDLINE), THANK GOD~GO SHORT~
WAIT FOR PULLBACK, ADD ON SHORT POSITION
PRICE HIT 0618 & BOUNCE. GO LONG TIL THE UPPER BOUNDARY OF CHANNEL, THEN SHORT AGAIN.
REMEMBER TO GIVE THE PAIR THE ROOM TO BREATHE, ESPECIALLY ACROSS THE WEEKEND. P.S.: CHECK THE ATR
STRONG KIWI (IMPULSIVE WAVE) NEED A REST (CORRECTIVE WAVE)
REVIEW ALL MAJOR PAIRS~ THERE IS ONLY ONE STRATEGY IN TRADING: FOLLOW THE TREND
R & S (horizontal & diagonal lines) ~ confluent with FIBO (0.5/0.618/0.786)~ plus Kandlestick confirmation (pin bar, inside bar, engulfing bar, doji, etc.)