This is my bearish trend idea. However, wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
HELLO TRADER'S THIS IS MY BEARISH TREND Analyze WAIT FOR PRICE TREND RESPECT IN PREVIEWS SUPPORT AND RESISTANCE ZONE AFTER TREND CONTINUE TO DOWNTREND MOMENT IM FOCUS .
EXY is at a critical turning point which will judge its course in the future. Looking at the data in the charts, it is obvious that the sellers are trying to lead the index to lower price levels.
Starting from the analysis of the trend and its momentum, in the price chart on the left, there is a downtrend lately which has led to the break of the lower limits of...
-Price appears to be rejected from 38.2 ratio level
-Possible descending channel forming
-Stoch cross indicates possible momentum reversal present
-Price remains under 200 EMA
-Price underneath lower averages of cloud
TREND:
Lowest Low = 2017
Last High = 2018
Higher Low = 2020
Higher High = ?
When we make an higher high above current STRONG RESISTANCE you could say that we are in an confirmed uptrend.
STRONG RESISTANCE: 122.5 - 124.5
This zone accounted 3 times as support, one breakdown in 2015 and then acted 2 times as resistance.
You do not want to forget this important S...
This is my bearish trend idea, now during bearish flag you can see it .Wait for clear breakout to downtrend after you can entry, because the overall bearish trend . Only in my opinion.
THIS IS MY BULLISH TREND CONTINUE IDEA. HOWEVER WAIT FOR COME KEY LEVEL AFTER HOW TO RESPECT TO KEY LEVEL AFTER TREND CONTINUE TO UP TREND YOU CAN ENTRY ,SO THIS IS MY OPINION ONLY .
