As we can see, in the past the price couldn't break the coming resistance.
So we have two scenarios.
Scenario one: Price raises to the resistance, touches, and falls back, all the way to 5.80
Scenario two: resistance breaks, and we have the setup for a breakout. If that happens I will wait for a confirmation to be sure not to run into a trap.
Happy trading to you!
So we have two scenarios.
Scenario one: Price raises to the resistance, touches, and falls back, all the way to 5.80
Scenario two: resistance breaks, and we have the setup for a breakout. If that happens I will wait for a confirmation to be sure not to run into a trap.
Happy trading to you!
Comment:
All according to prediction
Comment:
Price tested resistance, aaaand boom. PROFITS!
nice one!
nice one!
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de.tradingview.com/chart/WDI/vosCiEtp/
Free Trading Education:
www.babypips.com/learn/forex
Wem meine Analysen und Gedanken gefallen, der darf mir einen Kaffee kaufen:
www.buymeacoffee.com/EvanMoeMoney