The pair is ranging in the last couple of days Since the price is ranging, we have 2 possibilities 1- the prices breaks the LL zone and finds support on the next LL zone for then rejecting it 2- the price finds support in the current LL zone and goes to the HH zone Facing these 2 possibilities, we should look for patterns which indicates us what the price...
The price is ranging but we have huge weeks rejecting the LL zone above We should wait for a bearish engulfing in order to enter in a Short position due to this setup Once you have a bearish engulfing, bear in mind that the LL zone will be tested and the huge wick from the bearish candle will be filled
The pair has a good bullish momentum and with that we should go with the trend Where you should place the TP? Do it accordingly to your strategy
The price is rejecting the above zone We had a good bullish momentum but seems that an institution sold it's Long positions on this pair avoiding it surpassing the above zone Let's wait for further movements before jumping in on this pair A good entry point would be the blue line under the current price, which is a key level or on the HH level
The price is near a rejection zone If the price breaks the above rejection zone and also finds support in it, we should go with the trend till the next rejection zone which is our HH zone Once it reaches the HH zone we should look for reversals or continuation Watch out for Fakeouts or Stop Hunts once it reaches the HH zone
The price is reaching an important zone which can lead the price in both direction If the price finds support in the LL zone which is the black line, the price can go long (2) If the price breaks the LL zone, we will have a drop till the next LL zone (1)
The price is inside a previous ranging zone The HH level above is important because the price might reject the same zone or it can break and create a new HH level
The price is with a dangerous setup The best thing to do, is waiting for a retest or a breakout Don't FOMO
The price is ranging Now the price is doing a pullback and it can retest the resistance above drawn We might have a retest of the LL zone before having a Long impulsive movement Be careful and watch out your entries, don't get caught out
The price is rejecting the HH zone With this rejection and with several candles rejecting the level, we should be looking for a Short position instead of Long Watch out for traps and Stop Hunts
Well the price is ranging quite some time We should wait for a breakout of a LL or HH zone before jumping in This pair as good potential and we should be watching it Be patient and you will see good movements coming up
This pair has a good bearish momentum and we should find a good entry in order to wave the trend Enter accordingly to your strategy but bear in mind that we are near a major bullish trendline and that we may have a retest of the same trendline or a breakout Be cautious and enter only with a confirmation
Go with the Trend? Well, yes and no. Yes, you should go with the Trend if you have a good momentum such as now. In this case, the target would be the trendline since the price will retest that trendline. No, because you have to enter in a LH or HH do not get caught in Traps or Stop Hunts
We had a good breakout of a HH zone Now since we have a good breakout, we will have a retest of the broke zone before the continuation Look for entries accordingly to your strategy Don't FOMO
The price is ranging but we could have some direction soon The price is on a rejection level, we should wait for a breakout of a HH zone or a LL zone since we are near a HH zone, that would be a good entry point for a Short or Long position Be patient and don't FOMO