On daily time we forming a falling wedge as we approach THE DEMAND level COINBASE:BTCUSD
I would really prefer using a 15 mins entry on this trade. Not to late nor early .In overall we have a clear down trend as marked above & we still hoping for more continuation to the downside based on the daily chart .Use market S on 15 mins too confirm breakout pattern before taking any trades
Euro Pairs have been falling weak since the Start of the year .On the Hourly chart above we've been rejected multiple time and failed to reach the highest or close above the daily highs. Above I've marked the where we broke below the LL I'm expecting a retest before we resume to the down side
On the weekly chart we've so much of untouched area which provides room to grab enough liquidity before we resume to the upside Leave a comment
Simple method applied again and again Keep it simple
As we have been forming a bullish flag pattern on Daily time frame now we've reached our support area. This could call in for a reversal or rather breakout below and continuation to the down side. That's a crucial level to watch . Leave a comment
This is the simplest concept amongst forex strategies and an easy to read. This was a trade taken previous week a lot can be learnt from this analysis Leave your comment below
If price closes below previous lows we will be looking for shorts .If we close above then we wait for a clear retest on smaller TF