This study is for demonstration and educational purposes, and study of this will start with the related idea which is linked below. As you recall, I suggested to long term buyers to beware. A few points I would like to make:
1. We are still in a bearish trend, until price breaches the trendline as noted in this tutorial. The bullish price action we have seen thus far could be very well corrective, and not a reversal of the trend.
2. Price is currently sitting at a key level in the market, at the 61.8% fib level from the latest swing points.
3. Price action will tell us if we will see more action to the upside or downside. Watch price action at the key zones as noted, and use other confluences for your entry.
Given this, do not presume on the market but we must study price action as it relates to the zones as noted. For more in depth study on this and how to determine zones and key levels I invite you to join my new subscription service.
I am now offering a subscription service for concentrated study of this and other pairs. Please visit http://www.celestefrederick.com/subscriberszone to subscribe to this service for less than $10 per week.
My subscription service will include access to:
Group Chat, where we will discuss charts, education, and fundamentals
Exclusive Webinars
Trade Ideas with Entry and Exit Suggestions
I am also having a free charting webinar on this Saturday, January 18, 2020 at 11:00 am. Visit http://www.celestefrederick.com/cfxevents to register.
You can also follow me on Instagram and Facebook.
1. We are still in a bearish trend, until price breaches the trendline as noted in this tutorial. The bullish price action we have seen thus far could be very well corrective, and not a reversal of the trend.
2. Price is currently sitting at a key level in the market, at the 61.8% fib level from the latest swing points.
3. Price action will tell us if we will see more action to the upside or downside. Watch price action at the key zones as noted, and use other confluences for your entry.
Given this, do not presume on the market but we must study price action as it relates to the zones as noted. For more in depth study on this and how to determine zones and key levels I invite you to join my new subscription service.
I am now offering a subscription service for concentrated study of this and other pairs. Please visit http://www.celestefrederick.com/subscriberszone to subscribe to this service for less than $10 per week.
My subscription service will include access to:
Group Chat, where we will discuss charts, education, and fundamentals
Exclusive Webinars
Trade Ideas with Entry and Exit Suggestions
I am also having a free charting webinar on this Saturday, January 18, 2020 at 11:00 am. Visit http://www.celestefrederick.com/cfxevents to register.
You can also follow me on Instagram and Facebook.
