As the market starting the day with a short move we expect during NYSE session market will moved to the 1937 and as swing trader we will get a potential area to add sell orders
AS the market is in strong bullish trend that supported by different fundamental factors but in terms of technical analysis we have a strong supply zone from high time frame to lower timeframe'We expect that new short tren d is comming fews days or weeeks from now.
As imy last weeks analysis said will will short GOLD until some factors change the market including the demanding of gold in very portential zone found in weekly chart. NB.TAKE RISK WITH YOUR BRAIN THIS IS NOT ADVICE IS JUST AN IDEAL/CHEERS
IMA I saw AUDNZD in downtrend,yesterday evining the price reached dynamic resistance and OUR SUPPLY ZONE and give as a potential confirmation in 4H CHART.This makes many trader to look these three createria"RESISTANCE,SUPPLY ZONE and CANDLESTICK CONFIRMATION" and make them,to have a bearish decision to go SHORT,This is a long journey of price in downtrend.we...
IMO Both two points AOand B have potentially and should be clearly zoomed all the time what we need is a clear confirmation and a good risk management NOTE.Anything can happen "in my opinion" BTCUSD
we are in UPTREND NOW .and the price reached unfresh zone touched several times and overcome weakness we expect the zone must broke ,the we have another supply zone which is fresh zone but is old zone but is not a case because we are not novic traders we should wait for confirmation in either 1D OR 1W then we place our SHORT ORDERS IN MY OPINION ...
Now we are in BULLISH TREND and also the price reach our dynamic resistanc e on friday last week.What we wait now the price to touch our SUPPLY ZON E and gives us a clear confirmation (engulfing pattern,pin bar,inside bar,evening star or dark cloud cover ) confirmation should be in 1D timeframe or 1W timeframe we can trade either a pullback or reversal IN...
We wait for LONG POSITION,TO BUY BITCOIN after the price touch/near our dynamic support Just stay aware in this area with highly precautions
we are in DOWNTREND we wait a price to reach our dymanic RESISTANCE ang we go SHORT