We were stoopped out on the first trade we took on this pair but i think price has come into a zone with much higher potential to push it to the downside. The engulfing candle is a strong confirmation.
Hello guys. In respect to the last idea i published on BTCUSD, price has moved into the zone wemarked out and a nice confirmation candlestick has bbeen printed on the zone so wecan expect price to keep pushing upwards.
A nice double top has formed on the lower time frame {m15} And the interesting thing being that it is in a resistance zone. will the resistance see price move to the downside? The close of the current candle will determine if i go long or short.
In respect to cross referencing and correlation, GBPUSD's printed a confirmation candle in a resistance zone followed by a strong bearish candle and the divergence on the RSI confirms the momentum of the SELL
Price has tested a very sensitive supply zone which i have marked out. a confirmation candlestick has been printed on the zone in the m15 time frame. Now waiting to go short.
A nice double top is forming in a zone on the H3 time frame, also divergence on the RSI. Expecting price to move to the 1785.00 level. Though the formation might see price going all the way to the 1764.00 level.
