Assumption:
After aggressive bull move where it was started from strong demand zone on daily chart, price fall seems earlier than the left shoulder.
My bias is still bullish on this pair so I expect continuation where resistant turn to support.
In order for this potential trade be successful, we have to wait price to hit past resistant area and let price shows a bull move on 1 Hour chart.
If we see bull step in convincingly, we can have good continuation to the upside.
After aggressive bull move where it was started from strong demand zone on daily chart, price fall seems earlier than the left shoulder.
My bias is still bullish on this pair so I expect continuation where resistant turn to support.
In order for this potential trade be successful, we have to wait price to hit past resistant area and let price shows a bull move on 1 Hour chart.
If we see bull step in convincingly, we can have good continuation to the upside.
Note
it is playing the scenario but wait for bull move on 1 HR chart, we need convincing candle
Note
it was not working as expected but I was not entering because there was no convincing bull.But see that set up 50%FIB and EMA bounce
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.