bob_cooke5434

bob_cooke5434

wait for the retest, observe to see if its a fake out. if not go long Very simple and quick analysis

bob_cooke5434

Weekly downtrend on the this pair H&s spotted

bob_cooke5434

Approaching areas of previous resistance where we an expect a retracement. Furthermore we can see Bullish divergence with the obv indicator, another confirmation on a reversal. Does anyone else agree?

bob_cooke5434

PROBING RECENT SUPPORT LEVELS OBV DIVERGENCE MOMENTUM IS BUILDING

bob_cooke5434

What you reckon? Clear divergence for a long position once price hits the bearish trend line