Scenario:
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The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.
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- Resistance Area breakout
- Wait for the price to bounce off from the resistance area which become support area
- Wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar , etc
- Then initiate BUY order
/!\ **Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.
Traders! | if you like my analysis and it supports you in your trading decisions, please say it in a comment so we can manage the trade together.
Thanks.
Note
Sell Scenario Can also be foreseen :- Resistance Area breakout Failed [Done.]
- wait for the price to be rejected from the resistance area [Done.]
- wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar , etc [Done.]
- Initiate SELL Order with a small position
- Strengthen SELL position onces the neck line is broken [shoulder head shoulder Pattern]
Trade active
Sell Scenario confirmed. Small position taken, a larger position will follow after breaking the neck line.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.