Price broke below the 50 week period moving average, signaling a change in trend.
Trend line was broken with a high momentum Bearish candle.
Price broke below 100 week period moving average, and retested this level as resistance.
Currently consolidated in an area of support.
If price can break below this level I will sell another position on this pair.
After a break and close below the low of 2015, 200 week moving average, the support area and .618 Fib, this will signal a strong trend reversal and another trade will be taken.
Trend line was broken with a high momentum Bearish candle.
Price broke below 100 week period moving average, and retested this level as resistance.
Currently consolidated in an area of support.
If price can break below this level I will sell another position on this pair.
After a break and close below the low of 2015, 200 week moving average, the support area and .618 Fib, this will signal a strong trend reversal and another trade will be taken.
