Today we going bearish. By the look of it I will bearish bias today. A break of yesterdays low 1.35320 will give us potential short opportunities. Our 1st target will be 1.35000.
If we go bullish a break of 1.36330 will give us long opportunities which was yesterdays high.
This is not a signal always use your own TA.
We can see that buyers are getting weaker.
If you follow BTC you will notice when BTC need to reach a round price like 10000$ 20000$ it always pullback then after that it reaches that round price.
Investors will wait for the pullback to invest more which liquidity will come into action.
Every bull run has its pullback and thats the where the buying zone is....
Today we will be bearish bias we have a slight bearish momentum with the break of yesterdays low will give us reason to go short
However if we go long we can wait for break of yesterdays high then we can go long.
Todays trading is quite simple.
Today we trading SHORT we have a bearish momentum and I'm bearish bias. If the bears break 1.32400 we can go short.
We can only go for LONG opportunities when the bulls break 1.34100. Yes its a long way to go but its all about patience
Today its having patience. If you enter premature you will burn yourself... So wait for the market to set a trend before we enter.
Today is a clear setup. We going bullish today because of the momentum. Going with the trend makes trading easier.
When the bulls breaks our resistance we wait for the retest and then we enter.
We look at our retest on our LTF 5min or 15min.
We wil only go short when breaks our support.
As you can see our targets are only 30/40 pips. Always move SL to BE when in...