my previous analysis , i was focusing on sideway zone (current zone)
but in this analysis i will show you clean and simple
1) break trendline
2) price make double bottom, therefore, price will break the current resistance (RR2.85)
3) price will go up to another major resistance with confluence with fibonacci retracement 0.782. also, it is the place where ema 13 and 34 crossover. by that i mean its a place where price move down sharply (explosive movement)
therefore, in this trade i will gain RR 8
but in this analysis i will show you clean and simple
1) break trendline
2) price make double bottom, therefore, price will break the current resistance (RR2.85)
3) price will go up to another major resistance with confluence with fibonacci retracement 0.782. also, it is the place where ema 13 and 34 crossover. by that i mean its a place where price move down sharply (explosive movement)
therefore, in this trade i will gain RR 8