EDUCATIONAL POST: PRICE ACTION: TRENDLINE RETEST ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ | Optimal FX Academy 📈📉
EDUCATIONAL POST: PRICE ACTION: TRENDLINE RETEST ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ This is just a follow-up chart of the previous Zoom Training which was held yesterday regarding trendlines - broken and retested. ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ This market is USDCHF, where we got a retest of the broken trendline after we made a higher high. ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ A higher low was formed in the last days and price pushed strongly to the upside forming again a higher high.
When I checked the Fibs of the push to the downside.. From the Swing Hugh to Swing Low it was 61.8% which is a strong opportunity for an upward movement