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 to wait for an entry on lower time frames. if I dont get an bullish confirmation i wont enter the trade.
Comment Below if you feel it does not make sense.
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 to wait for an entry on lower time frames. if I dont get an bullish confirmation i wont enter the trade.
Comment Below if you feel it does not make sense.
yo can see below that price was moving in a down trend channel that broke from below and after retest i took a short position with 1:3 RR.
/x/Gnw8T5ua/