The price is ranging at the moment As you can see, the price has retested a bearish and bullish trend line If the pair breaks one of those trendline, we need a confirmation before jumping in and surfing the trend
The price is reaching a HH zone which is "always" a reversal zone/area Once we have a Stop Hunt, we can look for reversal patterns or continuation patterns. One of the previous patterns will be formed after a Stop Hunt, but usually we have a trend in the direction of the Stop Hunt
Despite the pair being in the bullish trend, we should look patterns of reversal. Why? Because the pair is reaching a HH zone and it's an area of reversal. Watch out for the "X" zone, is the area of reversal
The price is in a HH zone and we can not assume a direction because there's any We have 2 situations in this pair : 1- The price can find support on the HH zone and then go Long 2- The price breaks the HH zone and goes towards the LL zone, making the current movement a fakeout Let's wait for further candle movements and let's see which momentum is...
Despite the bias being Short, the price is ranging and we can not go Short without a confirmation Once we have a breakout of the zone which the price is currently at, we can go with the trend till the next rejection zone We believe the price will drop and will go till the indicated rejection Don't FOMO
The price is ranging and respecting the EMA 200 as support We should wait for further movements and wait for more clear momentum The circles indicate the use of EMA 200 as support and the rejection of the HH zone above A pattern which is indicates good momentum is a bullish or bearish engulfing, there's no better pattern than this
The price dropped heavily today so we could expect a little pullback being formed followed by a rejection of the key level which is the black line After the rejection, we could look for Short positions and go with the trend till the next key level
In this pair we have a bearish bias despite being in a bullish momentum The price is inside a ranging zone but the price will continue to go down, accordingly, to my analysis Waiting for a break under the LL zone would be a good entry and then surf the trend till the suitable TP for you
The price is near a rejection zone We should wait for further movements in this pair The price is now in an indecision, in order to have a good entry, wait for a good bearish or bullish movement before jumping in on this pair
The price is heading towards the LL zone Once the price reaches the LL zone, we should look for reversal patterns and possibly an entry for a Long position Don't FOMO and wait for the right candle
The price is ranging and it's now in a period of accumulation Since we have an accumulation of Long positions from buyers, we should expect a rise from the price since an increase of Long positions is happening Don't FOMO A good entry point is once the Bullish Engulfing is formed
The price is ranging a little bit We see accumulation of Long positions, so buyers and now buying in order to drive the price up We also see a rejection of the current zone, which is a LL zone Once a Bullish Engulfing is formed, go with the trend
The price is reaching a zone that was previously rejected Once the price breaks above the rectangle, we should look for a Long position and go with the trend till the next rejection zone This is the ideal trade but do it accordingly to your strategy and don't FOMO
The setup is good for a Long position because the price retested the LL zone and now is heading towards the HH zone with a good bullish momentum The trend is your friend
The price broke the HH zone and retested it Since we already had a retest, the best thing to do is looking for entries The best pattern for entries are Bearish Engulfing or Bullish Engulfing and in this case you should be looking for Bullish Engulfing. Don't go against the trend, the trend is your friend