ehhhh about this. not gonna take it but i would do this.
this is my analysis whenever we reached down to this monthly key level, the price has just been trapped. yes we are in a consolidation market currently and weve been in this zone for about a month now. i see that price broke the trend line, and retested a zone for a pullback to 78.6%. i believe we had a break of market structure and price decided to...
eurcad trendline broke + retest, 3 pin pattern on daily, engulfing , and price sitting on 1.49600, AND crossover good enough for me.
we rammed price up to daily resistance. it is currently struggling the break. it attempted to break out, but it couldnt several times. i do see hanging man, which indicates a bearish reversal. it does look like this move has finished its bull run from the past week.
after hitting daily support, this pair really shot back up into its new zone. i switched up the position to a long. i am willing to switch my idea if needed.
i was looking for this break for a while now, and we finally have a retest.
tried to go long, but aussie wouldnt break. so i got out of my long position of aussie and switched it up when i saw the marubozu candlestick formation. imma be so pissed if it goes the oppisite direction lolol whatever
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