Scenario:
/!\ **Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.
Traders! | if you like my analysis and it supports you in your trading decisions, please say it in a comment so we can manage the trade together.
Thanks.
- Resistance Area breakout
- Wait for the price to bounce off from the resistance area which become support area
- Wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar , etc
- Then initiate BUY order
/!\ **Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.
Traders! | if you like my analysis and it supports you in your trading decisions, please say it in a comment so we can manage the trade together.
Thanks.
Comment:
Sell Scenario Can also be foreseen :
- Resistance Area breakout Failed
- wait for the price to be rejected from the resistance area
- wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar , etc
- Initiate SELL Order with a small position
- Strengthen SELL position onces the neck line is broken
Trade active:
Sell Scenario confirmed. Small position taken, a larger position will follow after breaking the neck line.