OVERALL BULLISH MARKET WITH A RETRACEMENT BEFORE COMPLETING THE W PATTERN
Market could be heading for a reversal and good for 20 pips or more.
This set up looks good for a buy. I will watch for a good entry.
I expect price to go up based on the current trend, history and currency strength.
Learning to use Fib Retracement and analyze trades from the upside and downside of the market. I'm expecting lower highs as this market lowers the EMA line.
Practicing retracement and projections.
I saw the market turn up so I decided to jump in on the trade and snagged 45 pips! I will use my short analysis on the way back down.
Based on currency strength and current trend.
Market likely to dip below this zone based on previous market structure and current strength.
Once price breaks out of this zone, it could go up based on current news and currency strength.
Practicing with the RSI indicator and EMAs to get the best entry possible.