ADA, WHICH FLOOR WILL BE PROCEEDING NEXT ?
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
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ADA, WHICH FLOOR WILL BE PROCEEDING NEXT?
👉As we can see price is moving and taking into consideration our (floors/rejection zones), where the price is quite respecting these zones.
👉Meanwhile, price is sitting around our floor (2) right now, then for the price to reject our zone, we need a break above the marked zone on H1 time frame, then a movement higher would be expected.
👉Unless price managed to break below our floor (2) on H4 time frame, then a movement lower would be expected to the next floor (1).
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
ADA, WHICH FLOOR WILL BE PROCEEDING NEXT?
👉As we can see price is moving and taking into consideration our (floors/rejection zones), where the price is quite respecting these zones.
👉Meanwhile, price is sitting around our floor (2) right now, then for the price to reject our zone, we need a break above the marked zone on H1 time frame, then a movement higher would be expected.
👉Unless price managed to break below our floor (2) on H4 time frame, then a movement lower would be expected to the next floor (1).
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!