After a huge jump on the price from 27 May to 3 June, price went into a range between 0.94300 and 0.92600
We will be looking for a sell setup whn the price reaches the top line, we may expect a break until 0.94300 again, where it breaks the resistance and collect more buyers into the game. we will have an eye on the OBV and if we notice the movement of the predicted line(red line), this will give us the info that more buyers are into this but the price can not be pushed higher.
We also may be looking for our final confirmation on 15M charts, where we see at least 2 wicks rejecting the 0.94300 area.
This is a game we never know where the price can go, if we see a downward move from the opening of the market on Monday, we will look how this fiugres out at the bottom line. If price moves down, this will be a missed trade, which is better than a lost trade :)
We will be looking for a sell setup whn the price reaches the top line, we may expect a break until 0.94300 again, where it breaks the resistance and collect more buyers into the game. we will have an eye on the OBV and if we notice the movement of the predicted line(red line), this will give us the info that more buyers are into this but the price can not be pushed higher.
We also may be looking for our final confirmation on 15M charts, where we see at least 2 wicks rejecting the 0.94300 area.
This is a game we never know where the price can go, if we see a downward move from the opening of the market on Monday, we will look how this fiugres out at the bottom line. If price moves down, this will be a missed trade, which is better than a lost trade :)