Don't get confused by my chart, we have two possible scenarios in this chart🙄. Look closely, we have a double top (M pattern) confirming a sell to $910 and a double bottom (W pattern) confirming a buy to $2021.
I guess you can see it now😲
As we all know, the two can't occur at the same time. Therefore we need a confirmation to tell us which one the market is eventually going for.
HOW DO WE KNOW THIS?🤔
We can see price approaching the lower trendline at $1621. If price break the trendline downward, we go for a sell to $910.
But if price is unable to break that price and it begins to go up, then we aim for $2021.
The yellow horizontal lines are the major support and resistance levels price may encounter when moving within the trend.
What do you think?
Share your opinion in the comment section✍️
Please support this idea with a LIKE👍 if you find it useful🥳
Also, kindly cheer me with coins if you like my work.
Follow me to receive more updates on this pair🤙
Happy Trading💰🥳🤗
Trading Involves High Risk⚠️
Not Financial Advice💸
Use Proper Risk Management💹
Thank you for your support!💓
NB: If you have any question for me or you would like to learn forex trading, improve on your technical analysis skills, DM me.
I guess you can see it now😲
As we all know, the two can't occur at the same time. Therefore we need a confirmation to tell us which one the market is eventually going for.
HOW DO WE KNOW THIS?🤔
We can see price approaching the lower trendline at $1621. If price break the trendline downward, we go for a sell to $910.
But if price is unable to break that price and it begins to go up, then we aim for $2021.
The yellow horizontal lines are the major support and resistance levels price may encounter when moving within the trend.
What do you think?
Share your opinion in the comment section✍️
Please support this idea with a LIKE👍 if you find it useful🥳
Also, kindly cheer me with coins if you like my work.
Follow me to receive more updates on this pair🤙
Happy Trading💰🥳🤗
Trading Involves High Risk⚠️
Not Financial Advice💸
Use Proper Risk Management💹
Thank you for your support!💓
NB: If you have any question for me or you would like to learn forex trading, improve on your technical analysis skills, DM me.
Trade active:
Tap the play icon. Price almost at take profit