About meFREE TOP DOWN VIDEO ANALYSIS FOR FOREX BEGINNERS
BEST STRATEGY FOR BEGINNERS 100% EASY TO LEARN
BASED ON KEY LEVELS & TREND LINES FOR EASY ENTRY & STOP LOSS TIPS
will be looking for sell if support is broken but since we still in a ranging market, if price rejects support, we will then be looking for buys above 1.411 resistance zone
dollar showing some strength, with the break below 0.772 level , just waiting for retest and sells down to support for plan A or a break 0.769 support for sells down to 0.766 level for plan B
we had a impulse move to the upside and currently price is a pullback and what should follow is another impulse as continuation of the uptrade but we dont lead the market we wait for confirmations. lets wait for price reject 0.773 support & if bulls step then we buy all the way up to 0.776 level
inverse H&S pattern formed, followed by a impulse to the upside, now we know price impulse and pullbacks to a break before continuing in the same direction. so we looking for buys up to 1908 level
recent high broken. new high created. new high holds & price fails to break above & we also we have break to the downside of our trendline.
sells going down to support.
looks like EU is forming an ending diagonal. we are in an uptrend which we know is defined through higher highs and higher lows.
im going to be scaling down to lower timeframe for look for opportunities to the upside as a reversal seems to be already in play(nice) ...however when the market opens at 11pm (UTC+ South African) and should markets decides to breaks...
with price failing to break below 0.772 & my bias being buys, im going to wait for price to break my 0.774 resistance zone & wait for retest before scalping the move up targeting 0.777 resistance level.
1h close above 0.77550 resistance, turning resistance into support. wait for retest into broken key level and place buys above the wick at 0.77721 targeting 0.781 level
entry at 0.77721
stop loss at 0.77495
take profit at 0.78155
