LTCUSD Fibonacci Retracement LevelLTCUSD. Ideal entry is at the 0.382 Fibonacci Level. The Pin Bar close near that level. There was a gap that occurred on July 8, 2021 at 03:00. The gap represented horizontal support resistance level. Price closed in the area of the EMA 10 EMA 20. Price closed below diagonal trend level and retested that diagonal level as new resistance.
Confluence:
Diagonal Trend Line Level
Gap (Horizontal Support Resistance Line Level)
Fibonacci Retracement Level
EMA 10 Dynamic Support Resistance Level
EMA 20 Dynamic Support Resistance Level
Pin Bar at Lower High
Pin Bar
How to use Candlestick Patterns ..Hello Traders , Have a nice weekend.
it's good to learn something even if you knew it before,Seriously some of you know all these patterns but don't know how to use them.
First we have to draw our support and resistance area in higher time frames , then we switch to lower time frames to see a candlestick pattern and now you can enter the trade after a little price rest to have a better RR ratio guys.
Good Luck on that , As easy as you see
Tempted to short USD, but...Any counter-trend trader and the active trader will be tempted to short this candle formation. However, a matured trader will hold his horses and check if there's any upcoming Economic Data Release. You will see that there's one that's going to happen in less than 45mins time.
Remember, you are a trader, not a gambler.