will be my go to pair for the year. Price is close to Minor Support Level
. We currently have two bullish
candles at the minor support level
but there is a bearish engulfing
before it. I envision a little pull back to the upside and final breakthrough to the downside or breakthrough to the downside for the longterm. The Bears have momentum on their side. I'm rooting for the Bears in this run because this could mean some solid trade opportunities along the way. I also call the minor support level
"minor" because it has a number of break throughs = +5. Could this be breakthrough #6 or am I just completely wrong? We'll find out folks.
Let the Trading Commence.
Trading Journal Entry 2