Look at the chart you can see our GREEN trend line is a perfect example of how price respects key technical analysis, price broke through on the 4th touch then came back upto test this level as resistance before bears took over and pushed price lower, now if you know anything about trading you will know this is a key thing to look out for.
I can see price making its way down to our target zone ( yellow box ) this comes at a strong level of old resistance turned support and also will come at the 3rd touch of a strong daily time frame, again if you know anything about trading you will also know that the 3rd touch of a high time frame is what we should be looking out for as this has the highest probability to bounce like a Kangaroo on a trampoline ;p
So i am selling down to this level where i will be looking at taking buys.
You are welcome once again ;p
I can see price making its way down to our target zone ( yellow box ) this comes at a strong level of old resistance turned support and also will come at the 3rd touch of a strong daily time frame, again if you know anything about trading you will also know that the 3rd touch of a high time frame is what we should be looking out for as this has the highest probability to bounce like a Kangaroo on a trampoline ;p
So i am selling down to this level where i will be looking at taking buys.
You are welcome once again ;p