Here on this pair, as you can see the price had pushed back to the top of the pattern, this could either break and push to the upside or fall back for some downside movement. if it pushes to the upside i will wait for push then a retrace-ment pattern like a falling wedge for continuation longs to the upside. However, for downside movement i will like price to fall below the support level (the blue ray line) then wait for more confirmation like a pattern or candle stick like an engulfing bar to continue downside movement. i do not use indicators so do not @ me about 200 EMA etc.
Commentaire:
as you can see, again, it has declined off my support zone. stalking this pair.
Commentaire:
this pair is moving slowly around the blue line support zone, still watching.