Hey Guys, hope you guys been great.
Had abit of time off due to some refining of analysis and chart reading.
But i am LONGING of a broken resistance level, my entry is set for a retest on that new founded support level.
Justification:
- On the Daily Time Frame - This support level at approx 0.1865, is super significant, when it has been broken, we saw a major push, on both Bull and Bear ends. Therefore, this is great confirmation on a strong Support and Resistance Level.
- In this consolidation zone, we see 3 touches towards this zone, and on the third touch (Confirmation of Double Bottom) we see a BULLISH ENGULFING candle.
- Double Bottom Reversal indicated on great support level, signifies a possible bull push to area 0.20250.
-Double Bottom + Bullish Engulfing
- MACD Indicator signifying BUY. big push made
-RSI Recovering from undersold region in Daily Time Frame
-CHANGE IN MARKET STRUCTURE
I put a safe 2:1 Trade on these different levels, lets see a nice push up to that zone shall we ??
Goodluck trading, and stay safe out there.
Had abit of time off due to some refining of analysis and chart reading.
But i am LONGING of a broken resistance level, my entry is set for a retest on that new founded support level.
Justification:
- On the Daily Time Frame - This support level at approx 0.1865, is super significant, when it has been broken, we saw a major push, on both Bull and Bear ends. Therefore, this is great confirmation on a strong Support and Resistance Level.
- In this consolidation zone, we see 3 touches towards this zone, and on the third touch (Confirmation of Double Bottom) we see a BULLISH ENGULFING candle.
- Double Bottom Reversal indicated on great support level, signifies a possible bull push to area 0.20250.
-Double Bottom + Bullish Engulfing
- MACD Indicator signifying BUY. big push made
-RSI Recovering from undersold region in Daily Time Frame
-CHANGE IN MARKET STRUCTURE
I put a safe 2:1 Trade on these different levels, lets see a nice push up to that zone shall we ??
Goodluck trading, and stay safe out there.