if it is a new minor downtrend then we need to see the reaction as it tests these trend supports 1251 down to 1246 areas 1245 area was a prev breakout point lets see
if it breaks higher then we have 99.40 and 100 res if it brspot oil 60 min 22 cents by 1 reversal/close a bull trap...or a new minor downtrend trend res/red at 98.10 area horizontal supp/purple 97.20 and 96.80 areas trend supp at 96.40 area trend cluster at 96.14 area it really has to stay above $96.00 95.30 was prev breakout area/red so..... now we have a good handle on what can happen...no surprises if it breaks higher then we have 99.40 and 100 res if it breaks downwards...we know where we are going to trade fromeaks downwards...we know where we are going to trade from
update on that bull trap/new minor downtrend we were not sure what was going to happen and as we said we would look at the reaction at 1251 support..guess what..we got a new downtrend..that went back into the main supp area 15 min gold over the last week green horizontal is the breakout/rally on 9december and we got a good signal to go short yesterday/pink horizontal
cable gbpusd 4 hour hit a brick wall we are watching the other side of the latest pattern to see if it breaks down and tests the downside prev breakout is 1.6200 area trend supp is 1.6155 area thinking that it is waiting for fomc on wednesday for the decision to either break up or down
eurusd 4 hour at horizontal resistance the latest breakout from purple horizontal looks overstretched/a pole.The 50% area is marked at 1.3650 area.Orange horizontal So..we either break higher and take out that horizontal or we could retrace and test that 50% area
update since we took that short trade from the bull trap at 1251 some very ragged price action..the only thing of importance was the 1215 supp area/pink horizontal which provided some good opportunities that broke yesterday/fomc we track that thicker red downtrend line to see if it recoils 30 min $5 box size by 3 reversal/hilo plot