Here we go again with GA. After 5-6 times not being able to break resistance. I am seeing it will be exhausted but you never know with Brexit going on. Price is currently testing support, but i believe it will break support, retest new resistance and continue to fall.
Price has hit this resistance line zone many times,however ps&p500 has been in a strong rise lately and i do not see it stopping. I will go against all rules and do a short scalp around 20-30 pips to test my skills but with a tight sl of 12 pips.
Since American stocks have been falling more than 10% this month, this could be the reason to why the dollar is temporary week. Also GDP, etc not meeting expectations. I see on the daily a downward trend with a wick fill soon. Price fell hard then rose to hit minor support. Once exhausted i see continuation to fall for a wick fill and more.
I see a short fall for a wick fill to hit support an then spike back to the strong resistance. Dollar has been quite strong lately. We will watch closely if it will break, retest and rise or bounce and fall. look out for more confluences such as pin bars, formations, trends, etc.
I see a short fall to the strong support before continuing the strong bullish trend on the daily timeframe. USD is strong at the moment, but 60% of the time tech analysis come true which is why most of the time do not go against the trend and also wicks must be filled
I see a triple top forming with also hitting a strong resistance. However, keep in mind the usd is currently strong at the moment. i suspect a fall to the support then a strong push continuing upwards trend.
i do not see anything on the daily and 4 hr chart indicating a reversal fall soon. daily i see a bullish wick fill and 4hr chart it has been hitting support past 8 hours. if it breaks i see a small fall to next zone support before i have a confluence of a big reversal on the daily.
Corrent trend is bullish. It is always good to stay in a trend instead of going against it. pernsonally dealt with going against and won more trades just trading with trend. I see a correction to support for a few days then a spike upwards.
Current price is hitting major resistance. if it breaks then i see a continuation of an upward trend. if it fails to break resistance, then i see price falling to major support. wait for 4 hour close and more confluences.