price trap

British Pound/Australian DollarFXCM

Beschreibung

⋅ 14. Aug. 2019 09:52

AScending scallop pattern forming (bullish pattern)

wait for a break of resistance (Ceiling)
wait for a RETEST (where price closes above the previous level of resistance)
Once price confirms resistance as a new support (floor), it is safe to enter.
Price doing this is a shift of momentum

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