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.
Invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
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...
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
Best regards :)