Hey Guys, hope you guys been great.
Had abit of time off due to some refining of analysis and chart reading.
But i am LONGING of a broken resistance level, my entry is set for a retest on that new founded support level.
Justification:
- On the Daily Time Frame - This support level at approx 0.1865, is super significant, when it has been broken, we saw a major push, on both Bull and Bear ends. Therefore, this is great confirmation on a strong Support and Resistance Level.
- In this consolidation zone, we see 3 touches towards this zone, and on the third touch (Confirmation of Double Bottom) we see a BULLISH ENGULFING candle.
- Double Bottom Reversal indicated on great support level, signifies a possible bull push to area 0.20250.
-Double Bottom + Bullish Engulfing
- MACD Indicator signifying BUY. big push made
-RSI Recovering from undersold region in Daily Time Frame
-CHANGE IN MARKET STRUCTURE
I put a safe 2:1 Trade on these different levels, lets see a nice push up to that zone shall we ??
Goodluck trading, and stay safe out there.