Price came off the MM3 which is the bears entry point this month and they have been selling since the beginning of October, the projected bottom for the month of October is MM1 conservative target(46.3). As a bear i will be selling at resistance on lower time frames.
The H4 shows a reversal, which i believe has already taken place with a lower low. i am Waiting for role reversal preferably around WPP then selling this down to WM1 conservative target and WS2 aggressive target for the week
H1 shows a closer look and better representation of what price is doing. Bears will definitely be selling at resistance
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About The Forex Analyst
Graduate in Bcom Human Resources Management. I am a full time Currency Trader and Market Analyst using technical and fundamental analysis, I have been trading in the Forex market since 2016. I am also a part time student at the University of Johannesburg studying Finance and Investment Management. I am always looking to learn and improve my skills as a professional, consistent and successful Trader & Investor for above average returns and a better understanding of the financial industry and financial markets.