marketsurfer7

marketsurfer7

Mid - term analysis

marketsurfer7

If we have a break out downwards of the neutral zone I go short if we have a break out of the 50% level upwards I go long

marketsurfer7

A break out already occurred as it broke out the wedge bullish structure, for the short to be valid I would wait for the 0.91450 level to be broken and may short it till it taps the H4 bullish trendline I draw here as well

marketsurfer7

Multiple sells and buys taking into consideration the lower uptrend support forming up and the flat resistance on the upside , I expect a breakout upwards at some point due to how the market has presented this behavior in the past

marketsurfer7

Two scenarios, two ideas, at this point I am leaving it up to the market

marketsurfer7

Possible bullish diamond structure in progress, I will wait for the market to test the recently started trend line and once the reversal on the microtrend line is completed I may go long