Eurusd as I said on audusd all applies here
Now let’s just look at price action and re mold the way we think.
We have a long bullish trend it hit resistant and it goes into a range.
Their isn’t no really movement within a range. There isn’t no buy or sale within a range you watch and wait yes you can make money in a range but I’m talking selling or buying a market .
Price made h1 and l1 high 1 and low 1 there isn’t a h2 or L2.
Now now we we see price hit a resistance 4 times with the second making h1. But the other 3 at the same level 🤔 .?? Do this sound right? Yes and no maybe the bulls is too weak to go back up in fight? Or maybe they retreated to recoup? Must remember there isn’t a buyer without a seller so if eur been going uphill for so long soon there wouldn’t be sellers cuz everyone in their momma is buying. The market had to correct that it had to let seller step in to continue its push make sense! Now we look at the chart in the right thing you need to say to yourself after establishing the trend is if I’m going to sell this where will my stop loss be and hence it will be right where I’d put it at. This is that safe zone they painted for those to go short to put their stop loss at why cuz price “tested that zone twice and failed that’s why we have a double top etc” see this is how they molded us to think . We think this zone now is some sort of magically area that price won’t break and guess what will happen as I said before they’ll give you a few chances to enter after that you better play the bench enter during the making of l2 or enter right in that dumb money stop loss zone and let that trigger your entry. If thus market was truly as sale price would had continued beyond the hs measured moved but what happen it quickly pulled back 🙋🏾♂️. Price action rules . Trading just requires a shark mentality
Now let’s just look at price action and re mold the way we think.
We have a long bullish trend it hit resistant and it goes into a range.
Their isn’t no really movement within a range. There isn’t no buy or sale within a range you watch and wait yes you can make money in a range but I’m talking selling or buying a market .
Price made h1 and l1 high 1 and low 1 there isn’t a h2 or L2.
Now now we we see price hit a resistance 4 times with the second making h1. But the other 3 at the same level 🤔 .?? Do this sound right? Yes and no maybe the bulls is too weak to go back up in fight? Or maybe they retreated to recoup? Must remember there isn’t a buyer without a seller so if eur been going uphill for so long soon there wouldn’t be sellers cuz everyone in their momma is buying. The market had to correct that it had to let seller step in to continue its push make sense! Now we look at the chart in the right thing you need to say to yourself after establishing the trend is if I’m going to sell this where will my stop loss be and hence it will be right where I’d put it at. This is that safe zone they painted for those to go short to put their stop loss at why cuz price “tested that zone twice and failed that’s why we have a double top etc” see this is how they molded us to think . We think this zone now is some sort of magically area that price won’t break and guess what will happen as I said before they’ll give you a few chances to enter after that you better play the bench enter during the making of l2 or enter right in that dumb money stop loss zone and let that trigger your entry. If thus market was truly as sale price would had continued beyond the hs measured moved but what happen it quickly pulled back 🙋🏾♂️. Price action rules . Trading just requires a shark mentality
