As you can see on the weekly chart, price has reached a key support level along with a key fibonacci level. When the week opens we will have a possible power of 3 scenario on the weekly chart. This week I will be looking to get long somewhere below the weekly opening price. Preferably sometime before Tuesday's London open.
When looking at the hourly chart we can see that price broke some old highs then retraced to support at old resistance near 94.20 and may now be gunning for stops above the 95.60 level. I expect that price will react at the 96 big figure level and that there may be a set up to be had there as well.
Cool bro... keep at it. I will be looking in from time to time.
ReplyDeleteGLGT
Thank you sir. You have helped me in more than just trading. You have taught me that the mental aspect of trading is just as important as the techniques you teach. Thanks for all the resources.
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