Price has two resistance levels to decide to either reverse bearish or continue bullish. (162.00 & 162.11)
If continuation long watch for a Break-Hook_Go candle pattern on a 5m, 15m or 30m chart.
If reversal short watch for an engulfing candle, evening star, inside candle railroad candle reversal patterns
on a 5m, 15m or 30m chart.
Continuation TP levels will be 100%, 127.2% and 161.8% fibs.
Reversal TP levels will be -23.6%, -61.8% and -127.2% fibs.
Find your SL on the other side of the reversal or continuation point.
If continuation long watch for a Break-Hook_Go candle pattern on a 5m, 15m or 30m chart.
If reversal short watch for an engulfing candle, evening star, inside candle railroad candle reversal patterns
on a 5m, 15m or 30m chart.
Continuation TP levels will be 100%, 127.2% and 161.8% fibs.
Reversal TP levels will be -23.6%, -61.8% and -127.2% fibs.
Find your SL on the other side of the reversal or continuation point.
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