What are Y'all Thoughts on This one? Leave your opinion!!!
it`s a breakout,we going to wait for our retest short buy to reach our resistance level,look for reversal candlesticks for confirmation when price plays around that area.
as u can see we broke the pattern,hit our resistance an went to retest that lower support...therefore that`s where we should be confident with our buys
this pair is on daily low so we gonna buy until our previous daily high it`s a short retest to form a head an shoulders formatiom so that`s where we going to catch our sell`s,put your tp@:1.36143
if you check weekly timeframe you will see that price is too low an it gave us a bullish parttern so we looking to go long on this one...in H1 timeframe the price is on a support level so we take our buys there.
we are currently on a support level which is our daily low so we gonna put most of our tp`s at daily high an leave few positions to ride the wave all the way to our weekly high