Technical Analysis:
-Micro downtrend broken and is now being retested on the backside
-Longer term uptrend has a 3rd touch and aggressive bullish candle from the two trend lines
-Support & Resistance in the purple zone
-Correlation with bullish AUD
*Did not look at trading plan before executing this trade*
*Similar to the AUDJPY call but this was a little...
Technical Analysis:
-4h has reversed twice off of the Monthly resistance we have
-4h candle has also closed below our trend line
-On the 1h you can see how nicely price broke through the trend line, it technically already retested it and dropped so we may not see it happen again.
-Purple zone is in confluence with fib levels and where we had price drop on the...
Technical Analysis:
Price on the 4h has just broken structure to the downside showing the maybe for the next few days or even weeks we could be falling pretty heavily. When you look on the 1h timeframe it looks as if EA has a lot of momentum to the upside, which it does for now but at the same time this could be an ABC corrective wave to the upside before...
