Hello everyone,
Today I present you the last shopping zone, which will be a great opportunity to load your wallets.
The zone is between $ 32k and $ 28k. Possible presence of quick candlewicks.
Of course, they will delete the remains of people from the street who bet with a large lever without thinking about the risk associated with it.
After the situation...
H4 - Price broke below the uptrend line and the most recent low.
We may now look for pullbacks and sells.
Invalidation: If the price moves higher and holds above this uptrend line then this setup is invalidated.
H4 - We have a double scenario.
Buy Scenario:
Price moving inside a range. Break and hold above the resistance range can begin the bullish correction move.
Sell Scenario:
Break and hold below last lows can open bearish doors to 1.22 or lows.
Potential false break forming with the close of this H4 candle.
What we want to see is a break below last low around 1.1780 and then start looking for sells.
This pair is now offering new opportunities to join the bulls. We can look for buy setups as long as the last low is holding.
Now any pullback is an opportunity to go long. Remember that we might see two types of correction
Flat correction or Double wave correction
Regardless of how things will happen, bottom line is - as long as 1.5230 holds, we are after buys.
D1 - As long as last swing low is holding, I am still after buys in this pair.
Technically we can expect at least the last swing high to be reached as bullish divergence has formed already and the pair is making the move up.
H4 - Price is creating a Convergence Principle with The false break of 1.3608 (blue line), was followed by higher highs (green line)....
D1 - Price is moving inside the range.
We can go short as long as last high (83.60) holds.
Sell will trigger once a breakout below last low (82.57) happens.
Protection above 83.00. .
Invalidation - if price breaks above last high around 83.00 before we get triggered this setup will be invalidated and we will look for another opportunity to join.
