Analysis :
Two Scenarios are forseen
Buy :
Sell :
/!\** Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.
Traders! | if you like my analysis and it supports you in your trading decisions, please say it in a comment so we can manage the trade together.
Thanks.
A bearish engulfing pattern has emerged at the bearish bat pattern potential reversal zone.
***This idea is only for educational purpose. Not a financial advice***
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
- Price inside a symmetricla triangle,
- Price inside a range,
- Price is boucing several on support zone,
- Price forming a Pinbar with huge volume,
- we will favor the Bullish scenario .
Two Scenarios are forseen
Buy :
- Wait For Support Areas breakout Fail,
- Wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar , Insidebar etc,
- Initiate BUY order,
- Target Range top area ,
- SL Under Range down Area.
Sell :
- Wait For Support Areas breakout,
- wait for the price to re-test Support Area which become support area,
- wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar , Insidebar etc,
- Initiate Sell order,
- Targets ==> TP1 to TP3,
- SL above range top area.
/!\** Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.
Traders! | if you like my analysis and it supports you in your trading decisions, please say it in a comment so we can manage the trade together.
Thanks.
A bearish engulfing pattern has emerged at the bearish bat pattern potential reversal zone.
***This idea is only for educational purpose. Not a financial advice***
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~