History does repeat itself and at this instance its not too long ago we saw this movement on the pair.
A triangle, breakout, correction move and a final down move followed by Fibonacci retracement.
I dont go against the trend so lets remain bearish and watch this pair. Breaking down would definatelly have me selling
This is a low risk trade because we have reached our average demand zone. SL may be necessary for short term holders.
Chart is self explanatory - look at it carefully.
Leave a like for support.
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Falling wedge (continuation pattern, bullish in this example)
Bollinger Band Contraction (ready for break-out)
RSI Divergence (hint upward movement
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How to trade:
Breakout of falling wedge is confirmed when candle closes above the...
I should have bought long HERE when the Heiken Ashi changed direction, but I missed it.
But I'm still in profit. I entered on the big green arrow. "Buy the dip" on a bullish run.
Use Heiken Ashi for a smoother entry.
There's only 3 rules for this method.
2. Wait for pullback
3. Enter on first candle after the pullback.
So if you have an overall...