* WEEKLY RESISTANCE @ 0.735 BROKEN. NOW TURNED RESISTANCE. NEXT TARGET MONTHLY RESISTANCE @ 0.77 * LARGE BULLISH ENGULFING CANDLESTICK * MOVING AVERAGES STILL TO THE UPSIDE * TWEEZER FORMATION
DAILY...
* BULLISH ENGULFING CANDLE. - BROKE OUT FROM 11 DAY CONSOLIDATION - BROKE DESCENDING TRENDLINE RESISTANCE - BROKE WEEKLY RESISTANCE NOW TURNED SUPPORT @ 0.735. * PROCEEDING CANDLESTICK FAILED TO BREAK WEEKLY SUPPORT @ 0.735 - FAKEOUT * MOVING AVERAGES CROSSED TO THE UPSIDE
4 HOUR...
* DOUBLE BOTTOM FORMED * TWEEZER FORMATION * MOVING AVERAGES TO THE UPSIDE * MORNING STAR FORMATION * STOP LOSS 15 PIPS BELOW DAILY LOW @ 0.7315 - STOP LOSS @ 0.73
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