Sive Morten
Special Consultant to the FPA
- Messages
- 18,685
Good morning,
Market has reached strong support area, and I think that we can count
on some bouncing to the up side. May be, market will start retracement to 1.30 from this area, for now it's difficult to predict precisely.
So, I will be watching for some signals for "Buy" scalp trade, although I do not see any yet. This can be 3-Drive Buy pattern or Double Repo on 4-hour chart.
Watch video for details
The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.
Market has reached strong support area, and I think that we can count
on some bouncing to the up side. May be, market will start retracement to 1.30 from this area, for now it's difficult to predict precisely.
So, I will be watching for some signals for "Buy" scalp trade, although I do not see any yet. This can be 3-Drive Buy pattern or Double Repo on 4-hour chart.
Watch video for details
The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.
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