KingWenz84

KingWenz84 Updated 

Short from resistance to lower trend line 240

KingWenz84

Maybe?

KingWenz84

Wait until the right shoulder hit resistance at 138.645 then Sell, SL - 139.000, TP - 136.520, I am not a signal provider. This is just my idea

KingWenz84

Just my thinking. Lets see what happens

KingWenz84

Short

KingWenz84

If the price breaks the descending resistance line then its a strong long signal

KingWenz84

TP - 109.230 SL - 107.900

KingWenz84 Updated 

SL 1.20727 TP 1.21390

KingWenz84

Long

KingWenz84 Updated 

Head and shoulders with in the channel. Could either buy now - TP - 0.67111. SL - 0.65688 Or wait and until the right shoulder has completed and buy on the bottom of the channel. Buy 0.66139, TP 0.68429, SL 0.65855

KingWenz84

...

KingWenz84

What do you guys think, now the channel has been broken the bears will pull back hard or the resistance will be strong enough to bounce the price action back Long?

KingWenz84

When the price reaches the upper resistance I predict a Elliot correction wave will kick in back to the lower band of support.

KingWenz84

Description is on the chart. Let me know your thoughts.

KingWenz84

Speaks for it's self

KingWenz84

This is my 1st chart so let me know what you think. It's simple but I think it looks like a strong possibility BUY - 0.8703 SL - 0.86615 TP - 0.88697