For months now this pair is trading up. After a period of exhaustion now bull are trying to gain their momentum”push phase”
For me Buying will best option just snap your entrance
When we look into 4hr timeframe price fails to break the level (LH) after previous been created. The price back on it to create double tops. Break into lower time frame 1hr we start notice strong sell into market.
Once more we analyse into 15minutes the price break our up trend line. Goes for bearish after break and retest
Our previously execution “ yesterday trade” price fails to hit our take profit. What we see today is a break and retest of the previous key level “LL”. Seems what we started yesterday gonna be finished today “trade to hit our take profit”
- let us wait and see what market does for us, what are we-looking for today? “sale”. we have to wait for the one hour candle...
We secured our profit yesterday, what we see on the market today as the trend is still down, bears are in control of the market.
We have to wait patiently for the full one hour bearish candle to close as indication for sell execution.
Let us wait patiently before jump into our trade
-we had an uptrend before the trend shift
- Now we see the downtrend, bears are taking in control with break and retest of major key level LH,LL
- we have to wait patiently for the bears to dominate the market, we have to wait for strong bearish candles before taking our trade, or we have to wait a formation of double tops for sales execution.
THERE IS NO NEED TO...
After a long period of consolidation where the chart never show bull or bear, final we have a bull break that indicates buyers control the market. We had our first pull back, the. We are having our break and retest “HL”. So we are going long for this trade “buy at key leve”
Trend is down so we are looking for sale opportunity, we have to wait for the bearish candle 4hrs to close as to eliminate all bulls pressure before taking our trade.
We are waiting for price to creat a true pullback before continuation of our bullish channel. We have to wait patiently” pullback at key level or double bottom” while avoid pre mature pullback.
