Hello Traders As you can see price was in an Up trend Finally Res Zone broke and price went all the way up and then we see a pullback to test the zone to see does it act like a support zone or not? If you switch to lower time frame like 15m you can see an trend line that is broken now . my plan is just to wait for the price to come back down and test the line or...
Hello Traders As you can see price was in an down trend with a trend line that acted 5 times as a resistance zone that makes it a major zone. finally trend line is broken and price is an uptrend. in the other hand we can see an inverse head and shoulder that completed in correct way and its the next bullish confirmation . based on the candles forming now im going...
Hello Traders As You Can See Price Came Back Up After A Big Down Trend Reached To The Resistance Zone Twice But Could Not Break It But In The End Its Broken Now. Also there Is a Trend Line That Can Make The Price Go Down Because as you can see there were two fake out befroe that reached this line and if we consider this trend line the odds of going more down goes...
Hello Traders As you can see price is in an uptrend that the trend line acted 4 times as a support zone and now its showing us a long wick rejection on trend line + 50 Fib Zone That can be a good sign of bullish pressure . In My Opinion price can go all the way up until Tp1 , and i will use lower time frames to find an entry. Comment if you feel it doesnt make sense.
Hi Traders After A big downtrend Pair decided to pullback and with an uptrend line reached to a major res zone. as you can see we have double top and multiple wick rejections that are good sign of bearish momentum so now we are going to wait for the price to break the trend line and after retest i will go for a short.
Hi Traders This pair broke the Trend line and goes all the way up to an important zone that can be good res zone and push the price lower. there are 2 reasons for short this pair : 1.reaction of the major zone. 2.going back to retest the trend line. and also there are 2 scenarios for going bullish : 1.if the price break the zone after retest we can buy if there...
Hi Everyone This Is My First Chart Publish and Im Looking For a short position everything is on the chart so lets wait for confirmation Have Fun.