watch for the pattern to breakout
price is moving downside yet and seems to form a diagonal pattern on 1H time chart.
what we can expect from this pattern is, if it is validate then after breaking out or testing
the key support area( each happened first) price will turn to bullish side and start rally.
the important resistant level is 200MA (on 4H timeframe) around 1940$.
if this pattern breaks down from my support area it can test next support level on my chart.
however I think the first scenario is more accurate right now, lets see
Enjoy the market
what we can expect from this pattern is, if it is validate then after breaking out or testing
the key support area( each happened first) price will turn to bullish side and start rally.
the important resistant level is 200MA (on 4H timeframe) around 1940$.
if this pattern breaks down from my support area it can test next support level on my chart.
however I think the first scenario is more accurate right now, lets see
Enjoy the market
Trade active:
hit exactly right on my support level and bounced up. so as long as this area holds our trade plan validates, I hop you set long position if you followed this.
Trade active:
after a shake out to grab liquidity price bounced up above my 1901$ level again. so now if your long position already triggered you can set your stop loss below 1899$.
