1d: Price has touched a support area and should go back up to trend resistance.
4hr: price has retraced to 0.618 fib level and should continue upward
1 hr : Price has broken trend support. Should retest and continue upward.
I have a alarm on my horizontal line which is a resistance level. If price breaks it and retest we should see more buyers coming in.
This pair also correlates with EurUSd so I will be watching both.
On the other side I have a projected sell because markets will go any way. If my resistance line holds and price enters channel I will place a short sell down to the support in the channel.
PLEASE LIKE, LEAVE COMMENTS AND CRITICIZE MY WORK. I WILL EXPLAIN MY REASON BEHIND EVERY TRADE AND WOULD LOVE TO KNOW IF SOME EXPERIENCED TRADERS LIKE THE SETUP OR NOT.
4hr: price has retraced to 0.618 fib level and should continue upward
1 hr : Price has broken trend support. Should retest and continue upward.
I have a alarm on my horizontal line which is a resistance level. If price breaks it and retest we should see more buyers coming in.
This pair also correlates with EurUSd so I will be watching both.
On the other side I have a projected sell because markets will go any way. If my resistance line holds and price enters channel I will place a short sell down to the support in the channel.
PLEASE LIKE, LEAVE COMMENTS AND CRITICIZE MY WORK. I WILL EXPLAIN MY REASON BEHIND EVERY TRADE AND WOULD LOVE TO KNOW IF SOME EXPERIENCED TRADERS LIKE THE SETUP OR NOT.