Read a chart, all is simply explained !
-Price is strong push to up and now is ranging phase -Next is short term, let's get it !!! -Risk reward 1:2
-Price is definitely go down, it's just a matter of time when it will happen. -Price don't walk in one direction, there must be a PULL BACK !
Waiting for reject on 4h psihological and support level before taking long position !!
-Wait to price back on 50% of push and create bullish engulfing for entry the target level, -Use a minimum 1:2 RR for better results !
Read a description on chart, very simple explanation..!
Read a description on chart, very simple explanation...! IMPORTANT: This is only tehnical analysis, be sure to follow the news !
Everything is explained on chart !
Looking good for reject on resistance And H&S pattern is created maybe Waiting for break a support for entry.. Stay tuned !
I expect it to be created asending or desending channel and after the break that channel Price is most likely push to up side Stay tuned
Belated analysis, but certainly helpful for beginners Fail on chart description :****** Major resistance, not support *****
For me, best option is waiting for sell position, Confirmations for sell: -4h strong trend with 3 touchs -Head and shoulders pattern 4h -Strong major resistance daily Wait abreak support and pattern confirmation to entry Stay tuned..