come on bulls with your full power
test more support after breakdown
strong support = 98362(50% = balance level) ..... market make shakeout .... price rejection ... then price may retest resistan 1.0462 ... if that happen = normal market ... even strong down trend, must have correction .... now correction in tf monthly ... so that bulls need more full power to do it ... that is why , bulls needs to breakout resistance 1.00181 ... so, that is the answer market make shakeout in strong data PMI
if bulls can make breakout resistance 1.00181 before ECB interest rate (positive sentiment for bullish) ... so no more noise of price, when ECB rilis
interest rate ..... market needs process for that smart money scenario .... this is not my scenario .... only what i can read smart money scenario from chart ....
but may I am wrong
shakeout is important for uptrend (long) ...... that is why, i am confuse in PMI , why market absorb all the supply , and chart give the answer ....
it doesn't matter whether the price will be bullish or bearish ... follow the trend if it changes .... follow the trend if it is ongoing .... now trend has bullish in intraday trend ..... but in tf monthly still bearish ( not changes)---- there will be a price correction to test resistance at 1.034/1.0462
if bulls can valid breakout resistance 1.00181 ..... then that level as strong support for bulls ... and smart money has support that level as significant support, smart money will put their layer large pending order buy to support that level .... but that level very hard to breakout, because that level as significant resistance for bears = supply ... but if price can break that level = market logic is MARKUP .... uptrend has valid after a few test ...
that is why ... to build trend is not easy = but hard ........ need very big money .... and all effort can be fail
the last battle beetwen bulls and bears near that significant resistance ... we don't know "who is the winner beetwen bulls and bears" before ECB rilis interest rate ..... if bears as winner , then the shakeout = price manipulation
price will be stay in that range trading range before interest rate coming (all order buy and sell will accumulate by smart money)
Hope all of you bro/sis , enjoy .... happy green pips
test more support after breakdown
strong support = 98362(50% = balance level) ..... market make shakeout .... price rejection ... then price may retest resistan 1.0462 ... if that happen = normal market ... even strong down trend, must have correction .... now correction in tf monthly ... so that bulls need more full power to do it ... that is why , bulls needs to breakout resistance 1.00181 ... so, that is the answer market make shakeout in strong data PMI
if bulls can make breakout resistance 1.00181 before ECB interest rate (positive sentiment for bullish) ... so no more noise of price, when ECB rilis
interest rate ..... market needs process for that smart money scenario .... this is not my scenario .... only what i can read smart money scenario from chart ....
but may I am wrong
shakeout is important for uptrend (long) ...... that is why, i am confuse in PMI , why market absorb all the supply , and chart give the answer ....
it doesn't matter whether the price will be bullish or bearish ... follow the trend if it changes .... follow the trend if it is ongoing .... now trend has bullish in intraday trend ..... but in tf monthly still bearish ( not changes)---- there will be a price correction to test resistance at 1.034/1.0462
if bulls can valid breakout resistance 1.00181 ..... then that level as strong support for bulls ... and smart money has support that level as significant support, smart money will put their layer large pending order buy to support that level .... but that level very hard to breakout, because that level as significant resistance for bears = supply ... but if price can break that level = market logic is MARKUP .... uptrend has valid after a few test ...
that is why ... to build trend is not easy = but hard ........ need very big money .... and all effort can be fail
the last battle beetwen bulls and bears near that significant resistance ... we don't know "who is the winner beetwen bulls and bears" before ECB rilis interest rate ..... if bears as winner , then the shakeout = price manipulation
price will be stay in that range trading range before interest rate coming (all order buy and sell will accumulate by smart money)
Hope all of you bro/sis , enjoy .... happy green pips
The Average Discount Everything