overall trend is bearish .safe to take sells. we wait for a break and retest below the support and target the next POI remember for entries we need 3 confirmations
PRICE Broke out of our trendline resistance retested with the confluence of the double Top pattern ...used 5min timeframe. its gonna sell for a while. Go look for entries
Price has been in a range and broke out.. so we expect a retest and we enter our buys. if price goes againt us we can still catch sells ..Beautiful set up indeed
overallmomentum is bullish. on the the 1hour price been consolidating we can anticipate 2 things. either a breakout and retest to the upside for buys or a break out and retest to the downside for sells. Lets see how it plays out. Comment your thoughts below
on a higher timeframe Price is on a bullish momentum. Currently price is trading above weekly zone 1987.887 we look for buys. I see 2 Possibilities here. Either price retraces to our support there which was previously used as resistance or it retraces to our weekly zone before proceeding to the upside. Either way we catch Buys. Overall target is weekly zone...
on the DAILY timeframe price is on a bullish momentum, so Taking buys is more safe, on the 1 HR price has formed an inverted head and shoulder, so we ride the the second shoulder. To increse confidence on this trade price trading above support which it previously respected still on the 1 HR time. nice 1:4 for the day.
overall trend on DAILY timeframe is bullish ,so safe to look for buys.