H1 PATTERN SPOTTED.
GOOD OPPORTUNITY TO GO LONG AT SUPPORT LEVEL.
PRICE IN A DESCENDING TRIANGLE PATTERN H4.
DESCENDING PATTERN INDICATES PRICE TENSION BEFORE BREAKOUT, ALTHOUGH MANY WOULD DEBATE DESCENDING = BREAK DOWNWARDS.
BUT I SAY CONVENTIONAL THINKING WILL MAKE YOU LOSE MONEY.
D1 FAILED TO CLOSE BELOW 1.1000 ROUND NUMBER ALTHOUGH IT GAPPED BELOW IT TWICE.
SHOWS DEMAND AROUND THIS AREA.
STOPS AND TARGETS AS FOLLOWS.
FOLLOW THE STOP STRICTLY.
H4
GOOD OPPORTUNITY TO GO LONG AT SUPPORT LEVEL.
PRICE IN A DESCENDING TRIANGLE PATTERN H4.
DESCENDING PATTERN INDICATES PRICE TENSION BEFORE BREAKOUT, ALTHOUGH MANY WOULD DEBATE DESCENDING = BREAK DOWNWARDS.
BUT I SAY CONVENTIONAL THINKING WILL MAKE YOU LOSE MONEY.
D1 FAILED TO CLOSE BELOW 1.1000 ROUND NUMBER ALTHOUGH IT GAPPED BELOW IT TWICE.
SHOWS DEMAND AROUND THIS AREA.
STOPS AND TARGETS AS FOLLOWS.
FOLLOW THE STOP STRICTLY.
H4
