Hello all , hope you all had a good day yesterday,
Today's Market is very unpredicted, but this is what we expect , if our price breaks 1845 then we are going to see TP 1848,1864 and 1858 if it doesn't break 1845 then we wait for further indications and if instead it breaks 1829 going down then we will see TP1825 and 1818 Hits.
As of now bulls have the momentum and we expect the upward move, however if the current price hits our middle bollinger band then bounces back we should then expect a continuation of the previous fall and expect it to fall to 1825,if the current price continues going towards the upper band and forms a bullish candle on top of our band this is a prove that the move continues going up.
If the current prices see's resistance no where else but at 1857 then we have to sit and analyze further, but if the current price falls down and a bearish candle is formed at the lower bollinger band then we should expect another form of continuation of the fall towards 1825 and 1818 possibly.
That's all for now up until then wish you all an amazing blue day.
Today's Market is very unpredicted, but this is what we expect , if our price breaks 1845 then we are going to see TP 1848,1864 and 1858 if it doesn't break 1845 then we wait for further indications and if instead it breaks 1829 going down then we will see TP1825 and 1818 Hits.
As of now bulls have the momentum and we expect the upward move, however if the current price hits our middle bollinger band then bounces back we should then expect a continuation of the previous fall and expect it to fall to 1825,if the current price continues going towards the upper band and forms a bullish candle on top of our band this is a prove that the move continues going up.
If the current prices see's resistance no where else but at 1857 then we have to sit and analyze further, but if the current price falls down and a bearish candle is formed at the lower bollinger band then we should expect another form of continuation of the fall towards 1825 and 1818 possibly.
That's all for now up until then wish you all an amazing blue day.
Trade active:
A possible consolidation is expected, i can see bands are narrowing and candles are all loosing momentum, this is a consolidation expected, however if the candles do not loose their momentum and the bands are narrowing it's an indication of a short period consolidation.
ON SHORT TERM PERIODS!
We go to a shorter time frames there will be plenty of opportunities both for sellers and buyers, mostly one thing you should always have in mind is that when there is either a fall or a rise we should expect a bounce at some point, so basically the most important thing for you to do is identifying the support and resistance zones and once they are identified you will be able to know where the bounce will go to and this will give you an idea of what to expect next.
FIRST LESSON.
SUPPORT AND RESISTANCE ZONES LEARNING, do research and understand how to identify them, once you have identified them that's a one step ahead of others in the beginner's category.
Up until then do wish you all a wonderful blue day!
ON SHORT TERM PERIODS!
We go to a shorter time frames there will be plenty of opportunities both for sellers and buyers, mostly one thing you should always have in mind is that when there is either a fall or a rise we should expect a bounce at some point, so basically the most important thing for you to do is identifying the support and resistance zones and once they are identified you will be able to know where the bounce will go to and this will give you an idea of what to expect next.
FIRST LESSON.
SUPPORT AND RESISTANCE ZONES LEARNING, do research and understand how to identify them, once you have identified them that's a one step ahead of others in the beginner's category.
Up until then do wish you all a wonderful blue day!