Looking at the chart we can see that since the 2nd touch of our trend line this pairing has had a very bearish few days infact the whole of last week was bearish! What we are looking for here is for price to touch our trend line for the 3rd time which will more than likely cause a bigger bearish bounce for us to make some decent money.
Price is currently at a support level which we are looking for it to break and make a lower low (Moving lower than the past previous low) We will then be looking for price to push upto our yellow box to make a lower high, this touch will be a retest of old support but this time as resistance and it will be the 3rd touch of the trend line... Which by now you should know we swear be this method 3RD TOUCH WITH CONFLUENCE!
Patients is key in trading, if you dont have any of this then you might as well go and work a low paid dead end job as all you will do in trading is BURN money, Trading IS NOT a GET RICH QUICK SCHEME, it has taken me 5 years and thousands of wasted £££££s to get this far, but it paid off in the end and i am very lucky to have been doing this full time for the past 2 years.
If you need any help then just send me a message... i dont bite ;p
Also if you want some TRADING TIPS AND TRICKS then message me, i will be happy to help you.
Price is currently at a support level which we are looking for it to break and make a lower low (Moving lower than the past previous low) We will then be looking for price to push upto our yellow box to make a lower high, this touch will be a retest of old support but this time as resistance and it will be the 3rd touch of the trend line... Which by now you should know we swear be this method 3RD TOUCH WITH CONFLUENCE!
Patients is key in trading, if you dont have any of this then you might as well go and work a low paid dead end job as all you will do in trading is BURN money, Trading IS NOT a GET RICH QUICK SCHEME, it has taken me 5 years and thousands of wasted £££££s to get this far, but it paid off in the end and i am very lucky to have been doing this full time for the past 2 years.
If you need any help then just send me a message... i dont bite ;p
Also if you want some TRADING TIPS AND TRICKS then message me, i will be happy to help you.