Back to Support, now what?
It's taken a 'Few' weeks but the wedge breakout has arrived at the intended zone for the bullish scenario on the plan which started at the red vertical line(original chart below). So "If" this is to continue on its bullish course this zone should hold and price needs to rally from here. As of right now when we get the chart update in Asia price will still be below the Daily 5 and Stoch's should be pulled down into the sell zone. So the bulls should start trade plans to buy this pair down at support in the same way outlined in earlier posts using the 15 min as price has several reasons for support in this zone as the stoch cycles down..
15 Min Chart
Will price sling shot up or take a couple of days to get a rally going can be best seen and planned on the 15 min. Right now the macd has energy to the downside and resistance up by the 233 ma (Daily 5). A possible bullish scenario is planned out 'should' the bulls take control again and price rally above the 233 ma. Lets see how this develops over the next 1-2 days.
This is the daily chart from a few weeks ago where the plan was originated. Notice how stoch cycled down into support. "Then" the 15 min was used in earlier posts to get into the rally early. Can history repeat and get into a trend early?