Last week, the sellers were in control heavy onto the downside. Towards the end of that week, price seems to reject a major key level (Daily Support) and make an impulse upward - signaling a possible market reversal. My technical analysis shows tearing through bearish structure, but not strong enough to hold and retest, resulting falling back down. Now price seems to be consolidating, right under bearish structure and in the middle of the 50EMA. I have drawn possible entries (continuation or reversal). I would love to see price breach counter trend.
DISCLAIMER: My analysis is for me to track my own growth, process, and journey as a Fx Trader. I am not sharing to have anyone take this trade - as you should be marking up your charts and trusting your own analysis. Please note, that this is solely for educational purposes. If you agree with my analysis - PLEASE LIKE/COMMENT your input!
DISCLAIMER: My analysis is for me to track my own growth, process, and journey as a Fx Trader. I am not sharing to have anyone take this trade - as you should be marking up your charts and trusting your own analysis. Please note, that this is solely for educational purposes. If you agree with my analysis - PLEASE LIKE/COMMENT your input!