With the overall market direction being in a bullish trend, i'm using that as the backbone of my technical analysis. In July, price fell down to the level 1.65436 then saw the market take a turn to the upside hitting the level of 1.77055 in October, then fell close to the previous level of support. Then we saw a huge push up breaking the previous level of resistance to the level of 1.99305, a massive outcome of 325 pips in 2 months then taking on a bearish movement to the downside as well as seeing some bullish momentum within the zones. With that i see the market taking a turn to the upside again to the .618.
Please comment down below what your thoughts and opinions are.
Please comment down below what your thoughts and opinions are.