as you can see, the price has been consolidating between 2 support and resistant zone, since the support zone is much older, i will expect it to hold, there are other confluence on the region like trend-line level, fib level and rsi divergence and a well formed double bottom (actually a double top is being created as a trend continuation pattern but let's ignore it since it's not confirmed YET)
i've drawn 2 scenarios that could happen, entry should be on break confirmation of above resistant level, a pull back is expected as the price will reach higher resistant zones
wish you good luck :)
i've drawn 2 scenarios that could happen, entry should be on break confirmation of above resistant level, a pull back is expected as the price will reach higher resistant zones
wish you good luck :)
Comment:
i'll be looking to enter on 0.4330 IF the market comes back to retest it's broken resistant that turned into support
Order cancelled
Comment:
The idea was perfect but the timing was wrong, look how much it went up, almost 41%