Update from previous idea:
analysis was spot on, price came up made a Lower high barely touching my resistance box before dropping nicely back to the next zone. targets were slightly lower but profit was good none the less.
So we bounced up here actually broke my resistance and then failed on the retest showing big selling pressure on this pair. I have set another short order on the resistance because I think we have flipped the line as resistance again given the failed attempt earlier today. just waiting on price to come up and test this level before deciding my next move. just as im writing this price is testing my level here. I do expect a wick above but closing a 30min/1hr candle above will reject my play.
if we blast above my res, then this bullish play could be forming. looking like we formed a double bottom here and moving up so wait for a test on the neckline and long to the next zone. time will telll both moves profitable remember to wait for price to hit and react based on the movement
analysis was spot on, price came up made a Lower high barely touching my resistance box before dropping nicely back to the next zone. targets were slightly lower but profit was good none the less.
So we bounced up here actually broke my resistance and then failed on the retest showing big selling pressure on this pair. I have set another short order on the resistance because I think we have flipped the line as resistance again given the failed attempt earlier today. just waiting on price to come up and test this level before deciding my next move. just as im writing this price is testing my level here. I do expect a wick above but closing a 30min/1hr candle above will reject my play.
if we blast above my res, then this bullish play could be forming. looking like we formed a double bottom here and moving up so wait for a test on the neckline and long to the next zone. time will telll both moves profitable remember to wait for price to hit and react based on the movement
