See past EURUSD idea linked.
This pair did exactly what we expected it would, just barely touched the supply zone but hit the resistance area and bounced down. Expecting price to move south towards
1.1600 area then 1.1400 area.
Indicators:
1. RSI in sell zone
2. Backside of resistance area tested and bounced off.
3. Daily bear strong candlestick.
This is high overview of what is expected in the next few weeks.
Good luck and let me know if there are any questions.
Charles V
CVFX Management
This pair did exactly what we expected it would, just barely touched the supply zone but hit the resistance area and bounced down. Expecting price to move south towards
1.1600 area then 1.1400 area.
Indicators:
1. RSI in sell zone
2. Backside of resistance area tested and bounced off.
3. Daily bear strong candlestick.
This is high overview of what is expected in the next few weeks.
Good luck and let me know if there are any questions.
Charles V
CVFX Management
