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aarondiavova
Aug 13, 2019 9:12 AM

pricetrap 

Australian Dollar/U.S. DollarFXCM

Description

wait for a break of resistance (Ceiling)
wait for a RETEST (where price closes above the previous level of resistance)
Once price confirms resistance as a new support (floor), it is safe to enter.
Price doing this is a shift of momentum


wait for a break of support (floor)
wait for a RETEST (where price closes below the previous level of supports as a new resistance (ceiling), it is safe to enter

Price doing this is a Continuation of an DOWNtrend.

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