Hello Traders,
In order to see uptrend continuation appear, I would wait for the price to test the zones as the last attempt for evidence that the seller is off and the recent support is solid.
Before taking this idea please mind your core principles of your trade confluences with proper risk reward management.
***** Disclaimer ******
the content on this...
As illustrated my TP target is 122.087. Trade already active not much movement on this pair but it's slowly making way to my set price mark if not I will be automatically stopped out or cancel the trade manually.
Analysis
Daily: Price failing to create an equal or lower low at 130.659.
4h: Candlestick closed as doji (indecision) with a higher top wick at the bottom of a downtrend.
1h: Minor double bottom on 1hr LL followed by a sell-to-buy structure.
Confluence
1. Equal low or lower low failure
2. High wick indecision candle at downtrend
3. sell-to-buy structure
4....
In a few days, we might get to see the price to speed up to 10000.00$. Lower TF traders will see it as another valid rally n buy the range breakout, the Trendline Traders would also buy the upper trendline breakout as we see at higher TF. In reality its just the scheme to provide more liquidity for the BIGBOYS to fill their big orders. Lets see how the story...
