I'm watching this pair for some time. It seems like that the bottom GAP was perfectly respected by market and created something like triple bottom(black ticks). There is still upper GAP which was holding pair for some time. Upper GAP was pierced in the last few days with very nice three soldiers formation. Psychological level 0.0020000 was tested couple of time...
The most important thing here is the very harmonic three soldiers formation which stopped losses and let the augur regain some position on market. SL is obvious, TP is based on my personal experience in relation to three soldiers formation. I assume the the huge panic doji candle created some kind of solid support in 0.20000 area. From mid of March till mid of...
This is zoomed idea which revealed three soldiers formation triple bottom and 7500 level which stopped all attempts to go lower. Losses were stopped by strong support mentioned in previous Idea, at 7500 which also created irregular head and shoulders pattern or triple bottom. This configuration of signals combined with three soldiers pattern on 4H chart makes...
Losses were stopped by strong support mentioned in previous Idea, at 7500 which also created irregular head and shoulders pattern or triple bottom. This configuration of signals combined with three soldiers pattern on 4H chart makes it quite nice opportunity to enter the market. I marked double bottom from May last year and January this year. What we can see...
The price go to up, but MACD and MACDh go down. 2 consecutives "Three White Soldiers" candlestick pattern (bullish retrasement). Momentum is in bearish zone.