I believe the market will go up until 133.600, then struggle to bust the resistance zone.
- For it to go up even further it has to take the dumb traders out that got in early and create a Higher low before continuing upwards.
*In reality the market can do whatever it wants (Banks)
SHORTING:
If the market struggles to go past 133.600, we can look for a potential short.
We want to see a push into 133.600 and a strong wick signifying a strong resistance zone.
If possible a contraction (consolidation in that area) with a lot of wicks.
WHY LONG:
As we can see previously the market is trying to push up to go down even further.
It is basically retesting the zone (there is no such thing as retesting cause the market can do anything, but yes retesting)
Retesting - why price goes back into that previous zone it was in and taps it, to further more guide it (continuation, like a partner being right by the other partner side if they need a little push lol)
My account size is:
As of right now I have $37 USD no BS, I gain about $15 in my sleep. Yes it is a lot of money (For a small account it is, basically 80% gain cause my account was only $22)
My SL is always 1 digit losses and my TP is always 2 digits or more.
Example: $5 Stop Loss and $15 TP gain
- For it to go up even further it has to take the dumb traders out that got in early and create a Higher low before continuing upwards.
*In reality the market can do whatever it wants (Banks)
SHORTING:
If the market struggles to go past 133.600, we can look for a potential short.
We want to see a push into 133.600 and a strong wick signifying a strong resistance zone.
If possible a contraction (consolidation in that area) with a lot of wicks.
WHY LONG:
As we can see previously the market is trying to push up to go down even further.
It is basically retesting the zone (there is no such thing as retesting cause the market can do anything, but yes retesting)
Retesting - why price goes back into that previous zone it was in and taps it, to further more guide it (continuation, like a partner being right by the other partner side if they need a little push lol)
My account size is:
As of right now I have $37 USD no BS, I gain about $15 in my sleep. Yes it is a lot of money (For a small account it is, basically 80% gain cause my account was only $22)
My SL is always 1 digit losses and my TP is always 2 digits or more.
Example: $5 Stop Loss and $15 TP gain