Looking to long EJ from 130.200
Confluences:
- Bullish market structure as HH and HLs are being printed.
- 130.200 key level coincides with the 61.8% golden fib reversal region
- Descending trendline = broken + retest for possible upside
- EMAs have crossed over indicating trend reversal (upside now anticipated)
Waiting for price action to indicate reversal. Therefore, will need bullish candlesticks, reversal candlestick patterns or chart formations on lower timeframes
Invalid if 130.200 = broken
Confluences:
- Bullish market structure as HH and HLs are being printed.
- 130.200 key level coincides with the 61.8% golden fib reversal region
- Descending trendline = broken + retest for possible upside
- EMAs have crossed over indicating trend reversal (upside now anticipated)
Waiting for price action to indicate reversal. Therefore, will need bullish candlesticks, reversal candlestick patterns or chart formations on lower timeframes
Invalid if 130.200 = broken