Buyers first target is the distribution range at 1.9 buyers ready to break the fallen wedge the last orders from the buck are being liquidated as buyers are slowing dwn the process -to -sell. Any short selling sl will be hunting thus price will be above these zones. The market is giving plenty of opportunities to buy into this move they are doing. The best n easy way 4 most to catch this bus is simple to limit buys into sellers sl areas ..
The wedge pattern is confirmed by the descending upper trendline and ascending lower trendline on the price chart the confirmation of the price chart is seen with the same overlay as the rsi chart starting from the red circles thus we know buyers are protecting rsi 20 n sellers rsi 80.
The deep liquidity run below the double bottom diverged the low and formed the accumulation wedges discussed on this page seen here..
Once price is drops from the distribution range we can expect to find support at the buck level with a high probability of a monthly rejection of the 200 ma from above.. as mentioned there are many ways to catch this bus short n long term
Long term it’s best to buy now scale out as price enter the distribution 75-80% scale out and then add at the monthly 200ma buy up seen here cus the probability is buying now ull entry will be protect so holding the trade is the smart thing to do That is if u only care to catch the main moves within a market cus they happen n they give u the best risk/reward, n the less hassle. Then this is how to trade this pair.
Ultimately the buyers target is the wedge high cus the wedge high started the pattern n this is target number 2 so we are looking at bout 20k pips here
Or u can buy , close out at the distribution range n open shorts n sell into ur buy order at the buck …
Cus once price breaks the buck n trend above n be rejected at a high price will travel back to the buck as the buck is the most important price point on usd pairs n then u can buy n hold from there
Tip -
Don’t be afraid to buy when a market is dropping doing the right CONTENT cus that’s what u should be doing anyway u shouldn’t be buying when price is going up cus that’s lust n greed and within these emotions lead u to reaction in the market late!
Don’t wait n try to chase after price like a lot of yal did on usdj ! We telling u what the market will do as the highest probability outcome just like we did on usdj.
Gl
The wedge pattern is confirmed by the descending upper trendline and ascending lower trendline on the price chart the confirmation of the price chart is seen with the same overlay as the rsi chart starting from the red circles thus we know buyers are protecting rsi 20 n sellers rsi 80.
The deep liquidity run below the double bottom diverged the low and formed the accumulation wedges discussed on this page seen here..
Once price is drops from the distribution range we can expect to find support at the buck level with a high probability of a monthly rejection of the 200 ma from above.. as mentioned there are many ways to catch this bus short n long term
Long term it’s best to buy now scale out as price enter the distribution 75-80% scale out and then add at the monthly 200ma buy up seen here cus the probability is buying now ull entry will be protect so holding the trade is the smart thing to do That is if u only care to catch the main moves within a market cus they happen n they give u the best risk/reward, n the less hassle. Then this is how to trade this pair.
Ultimately the buyers target is the wedge high cus the wedge high started the pattern n this is target number 2 so we are looking at bout 20k pips here
Or u can buy , close out at the distribution range n open shorts n sell into ur buy order at the buck …
Cus once price breaks the buck n trend above n be rejected at a high price will travel back to the buck as the buck is the most important price point on usd pairs n then u can buy n hold from there
Tip -
Don’t be afraid to buy when a market is dropping doing the right CONTENT cus that’s what u should be doing anyway u shouldn’t be buying when price is going up cus that’s lust n greed and within these emotions lead u to reaction in the market late!
Don’t wait n try to chase after price like a lot of yal did on usdj ! We telling u what the market will do as the highest probability outcome just like we did on usdj.
Gl