Explanation On The Chart 📉 A Massive Bearish Candle On The 4H Time Frame Breaking The Last Bullish Structure By Failing To Make A New Higher Low Instead The Market Broke Below The Previous Higher Low Changing The Overall Trend Of The Market And It All Happens At A Very Key Level A Level Tested By Being Both Support And Resistance Level
Explanation On The Chart 📉 A Massive Bearish Candle On The 4H Time Frame Breaking The Last Bullish Structure By Failing To Make A New Higher Low Instead The Market Broke Below The Previous Higher Low Changing The Overall Trend Of The Market And It All Happens At A Very Key Level A Level Tested By Being Both Support And Resistance Level
BTC/USD Analysis the chart has clearly showed the the structure of a bullish market by forming fresh higher highs and higher lows and also stuck at a strong S/R Level it is really the right time to buy and hold Bitcoin to 53 level
This is what i mean by the short term downtrend check the related idea for more info on this setup
WHAT MAKES THIS PAIR LOOK PROMISING IS THAT WE HAVE A KEY LEVEL THAT IS BROKEN NOW WE ARE HEADING BACK TO THIS LEVEL ANOTHER INTERESTING VIEW IS THAT WE ARE TRADING WITH THE DOMINANT UPTREND WAIT FOR PRICE ACTION ON THE H4 TIMEFRAME BEFORE GOING LONG BECAUSE THIS IS A SHORT TERM DOWNTREND ON THE SMALLER TF WE HAVE TO WAIT FOR THE TREND TO CHANGE AND EMERGE WITH...
BULLISH TREND WITH CLEAR HH&HL,PREVIOUS RESISTANCE TURN SUPPORT,50%FIB LEVEL WAIT FOR PRICE ACTION ON THE KEY LEVEL TO GO LONG
AUDUSD BDEAKS BELOW PREVIOUS HIGHER LOW WHICH CONFIRMS A TREND CHANGE TO BEARISH SELL ON THE RETEST
NZDUSD HAS FORM A NICE DOUBLE TOP AND ALSO PROCEEDS TO BREAK THE PREVIOUS HL TO MAKE A LL WHICH GIVES US CONFIRMATION THAT THE UPTREND IS OVER AND A DOWNTREND CAN PROCEED BUT WE HAVE TO TAKE NOTE OF 0.6530 AREA AS IT IS A STRONG SUPPORT LEVEL
*HOW TO TRADE USDJPY THE 3 WAY* (1).First setup to consider is price is trending down it might reject 104.25 area to create a minor pullback before continuing its downtrend (2).Second setup to consider is price might reject 104.25 area to create a nice pullback to 105.35 which is a level of previous support and could potentially...
GBPUSD IS BACK TO AN INTERESTING AREA. WE CAN SEE THE MASSIVE DROP ON THIS PAIR BEFORE PRICE RETRACE BACK TO THIS AREA THAT WE ARE CURRENTLY ON WE HAVE STARTING TO SEE SOME SIGNS OF SLOWING DOWN WHEN PRICE APPROCH THIS ZONE THOROUGH CANDLE PATTERN(HANGING MAN) IF WE GET GOOD CANDLE CLOSE TODAY ON D1 TIMEFRAME THIS PAIR WILL BE ON MY WATCHLIST FOR NEXT WEEK TRADE.
We need price to break the triangle and retest the Resistance drawn on the chart Check below related idea for more info
Head & Shoulders pattern for more info check related idea below