(My analysis on Daily Timeframe )
-Price breakout the Trendline on Daily timeframe
-Current price will retest at Key Level/ Swap zone or maybe breakout
-Compression and another price action can be seen at lower timeframe
-Clean breakout at 1.985 support area +bullish compression appeared
My conclusion:-
Theres would be an opportunity if the price break key level/swap zone at 1.985 then if the price action shows a good sign,Need to wait for a price to retest at key level/swap zone 1.985 first then look for a price rejection around the swap zone and need to pay attention how the price approach at swap zone .Dont try to do anything If the price try to retrace at swap zone too fast/A lot of big bear candlestick appeared. The key is we have to look for a price compression appeared first when the current price is otw to approach at swap zone . After that just wait for a price rejection. If the swap zone is valid,my expectation is the price will do a rejection at 2.480 resistance area after the bull run. If my Price expectation 1 is not valid,theres another 2 price expectation that i show at the chart. Slow and steady,dont be greedy.
Have a nice day and stay safe everyone!
(Sorry my english is bad,i hope after this my english will become better)
''I AM NOT A FINANCIAL ADVISOR,EVERYTHING I SHARE IS JUST MY OPINION''
-Price breakout the Trendline on Daily timeframe
-Current price will retest at Key Level/ Swap zone or maybe breakout
-Compression and another price action can be seen at lower timeframe
-Clean breakout at 1.985 support area +bullish compression appeared
My conclusion:-
Theres would be an opportunity if the price break key level/swap zone at 1.985 then if the price action shows a good sign,Need to wait for a price to retest at key level/swap zone 1.985 first then look for a price rejection around the swap zone and need to pay attention how the price approach at swap zone .Dont try to do anything If the price try to retrace at swap zone too fast/A lot of big bear candlestick appeared. The key is we have to look for a price compression appeared first when the current price is otw to approach at swap zone . After that just wait for a price rejection. If the swap zone is valid,my expectation is the price will do a rejection at 2.480 resistance area after the bull run. If my Price expectation 1 is not valid,theres another 2 price expectation that i show at the chart. Slow and steady,dont be greedy.
Have a nice day and stay safe everyone!
(Sorry my english is bad,i hope after this my english will become better)
''I AM NOT A FINANCIAL ADVISOR,EVERYTHING I SHARE IS JUST MY OPINION''