2 months ago a formed rejecting at the downwards facing EMA’s. Followed by last month’s strong candle, which completed an . We have broken past 1.25000 heading down to test 1.22000.
downwards facing. Last 3 weeks the 1.25000 has been tested and rejected. Major support line has been broken this week after testing this support last week.
again facing downwards, with the last 4 days price has rejected the . Today’s close closed as a and closing below strong support which has now turned resistance, heading down to test the next .
Price pushed up to test the key fib zone, which rejected this alongside the weekly level. CTL broken with a very strong close and turning to the down side at the same time.
Stop loss moved to beyond break even.