Analysing DeepFXs Chart


Deepfx at Forex Factory posted this chart yesterday, he puts a lot of emphasis on the support area hit by the PushPull candle see below.

deepfx_original

 

I agree with this setup but I have some other reasons besides the support level.  Price made a huge outside candle at the trend line of a wedge pattern see below.The outside candle acted as the ‘push’ candle in this scenario.

 

deepfx_gbpusd

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