AUDUSD
My idea is the opposite of my idea :))
If we assume that the price will go up and will draw a new upward trend,then it is supposed to find a reversal pattern at the end of the last down trend which still making LH and LL without a change in the order and And this is what prevents the appearance of a reversal pattern So I suggested 2 scenarios :
1 - falling the price form the resistance level to make a new HL and then the right shoulder of H&S pattern
2- Break the resistance and the formation of the first impulsive wave , and the second corrective wave will be at the previous resistance level to retest and become a new support level
so i think that the entry now i safe cause if we take into account the first scenario, we will be winners from the first moment ... in the other case Will not lose much because the price will return to retest the resistance
If we assume that the price will go up and will draw a new upward trend,then it is supposed to find a reversal pattern at the end of the last down trend which still making LH and LL without a change in the order and And this is what prevents the appearance of a reversal pattern So I suggested 2 scenarios :
1 - falling the price form the resistance level to make a new HL and then the right shoulder of H&S pattern
2- Break the resistance and the formation of the first impulsive wave , and the second corrective wave will be at the previous resistance level to retest and become a new support level
so i think that the entry now i safe cause if we take into account the first scenario, we will be winners from the first moment ... in the other case Will not lose much because the price will return to retest the resistance
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