The week started with a bang. A nice bullish impulse that took out a Bearish trend line. It met a supply zone(SZ), reverse course, drop back to the point of origin of the previous bullish impulse and bang, price reacted with another bullish impulse. It is safe to say that a strong 2 weeks support has been formed. Price has since pull back and stall at an interesting level. Look to the left and you would find that this level has acted as a resistance and support countless time. I will be looking at price action closely this coming Mon for an opportunity to go LONG on this pair.
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.