Test Trade:
(Confluence)
1)Higher Highs & Higher Lows
2)Retest on new support
3) Daily TF > indecision candle > strong support level
Looking to go long.
Use YOUR Due Diligence!
Bitcoin bulls have marched their way to the top and have found resistance at the 7600 psych level. An indecision/reversal candle is spotted at the resistance level and it is currently looking to make it way back down but I do anticipate a retest. If it does fail to break through a second time around, I'd look for a short opportunity going as low as the 6000 psych...
This is the turning point for CAD/JPY for me to enter a long position. Although it broke through resistance a while ago, slowly but surely it found its way back down to what is now new support. The preceding trend, indecision candle at the end, the new support, and the overall trend all are my confirmation that it is time for me to get in. As always when it comes...
Technically, XAU/USD found support after a good deal of bearish play these past couple of days. If it continues to show strength on the upside, it may break the resistance level and find new support in which I may add to my positon. If it shows signs of weakness on the way to resistance, there is possibility I may close my position and look for a sell signal and...
