The three ranges are clones and how accurate they are 😋.. An average of 8-9 weeks per range.. so I'm expecting a massive uptrend to start soon... Well. If you know your analysis.. this chart would definitely make you smile.. for bulls 😉
Two probabilities are seen here, for medium term trades.. Find your perfect opportunity and take your profits. Personally I think the Bearish run is better.
Wait for confirmation from lower tone frames.. a bit ranging.. but i kynda trust such markets not to betray me🙂
This is based on multiple time frames. This could be a medium term trade.. but you might as well take as many short trades as you can before it hits the resistance.. Thumbs up if you like
Wait for the support to be retested and use a lower time frame or any other to find a better entry to go long.
The set up has been active since last week waiting for a break, sorry for publishing late as over 250pips up is already gone... but i still expect a move towards the resistance. As always smaller time frames make a good entry opportunity for me.. 👍
To see this clearly the Four hour and two hour time frames are best. But i had to use the daily to show the base for the support and resistance levels drawn.. so a sell is on the verge and entry points once more should be gotten fro lesser time frames m.. i use the 15m tho.
Already got over 300 pips from the last down.. Touching the support now.. I personally will leave the macd to give a cross before going for a buy.. take entry points from lesser time frames
The larger support and resistance were drawn on the 4hr chart.. the smaller support was drawn on the one hour chart.. if there’s a break in the one hour support, then it’s probably heading to the 4hr support.. who knows might break through too.. But the BUY should be when the one hour support is broken and a buy signal from lesser time frames would give a better...
I wouldn’t do excessive explaining, but the 2nd resistance level should. When and if it crosses that in a few days, then a potential uptrend is in motion and smaller time frames would provide better buy opportunities.. keep in your calendar.