Price is currently at a retest of the most previous low which is also a imbalance which indicates a buy. Price has just rejected from the nearest QP and has the potential to short 250 pips down. GJ is known to move from QP in one day. We are currently in a market pullback/ correction so this position should not be held long. Once we reach the next area of...
If we can get a break above the most previous low on the daily then we are good for a buy upon the retest. However, if price fails to create a new HH and LH we are good for a bearish run
This market is amid market correction or correcting the markets imbalances that were previously created. This market will fool most into thinking that it is shorting but I suggest take the sale until the reversal seen here. The chart has revealed a soon to be inverese bullish flag pattern. The market has rejected beautifully off of the nearest QP (quarter point)...
I have studied this on a monthly time frame along with monitoring the news closely. I've noticed that it has been building a bullish flag pattern since it began. We hadn't had any new lower lows on the Monthly time frame and we just left a resistance level after retesting it three times! Combine that with BRICS new currency and the annoucing of it being this week...