Hi guys,
I've had these ranges plotted for a few weeks now, and it's really helping me see this pair more clearly.
We're currently underneath the 50SMA and have been for some time, but with the bullish pennant forming on the weekly, we may be in for some change.
I've marked out some strong areas for support, and a long test wick candle.
My bias will remain...
ALTHOUGH I HAVE BEEN EXACT IN MY PROJECTIONS WHEN IT COMES TO THE STOCK TESTING ITS 52 WEEK HIGH, I AM STILL BULLISH HOWEVER, I WOULD MOVE YOUR STOP LOSS TO A TIGHT ONE IF YOU BOOKED THE PROFITS WE HAVE SEEN IN THE LAST FEW DAYS I WOULD PLACE THIS AT APX. 17.62 WHICH IS WHERE I WOULD EXPECT TO SEE A REVERSAL IN PRICE IN THE EVENT MY INDICATOR FOLLOWS SUIT IF IT...