🌟we didn't check the fundamental news as we want to focus on a technical format education in this idea and rely on that
🌟we decided to teach this format in an elementary level that can be used by majority and all you need is basic info about technical analysis
🌟the descending channel is the parallel channel which trapped our chart and currently retested several times both in dynamic resistance and support
🌟you can also see 2 highlights a green and a red respectively, first of all you have to know that charts want to stay in the value they averagely consolidate which is mainly referred as high EMA (like EMA 200) and if you plot that in any chart it gives you the information from last 200 candles average value that the chart consolidates
🌟both green and red highlights starts and ends mostly in their own bias and created a cycle (perfectly clean in this chart) but there is something wrong! the red highlight is stretch more in time and also in candle power if visually checks! we said the chart wants to stay in the range it consolidated before! so the chart needs some green candle to cover the bleed right!
🌟to make sure you are doing this right you need to check higher time frames and zooming out the chart to recheck the "tend of the chart" which is answered by a simple going up or down, if the answer was the same as our need (in this case we needed green candles so we expect a going up as an answer here) we can continue and enter position, although there are always exceptions but as we told in the beginning we are going in an elementary level not more (yeah we all know that in long term analysis we won't go this way, this simple and with lack of data)
🌟for entering this kind of position simply follow the parallel channel and try to enter and exit from the edges
🌟a 92 pips trade in forex among the crypto trades seems profitable, fun and educational. hope we could teach you something (even if negligible)
----------------------------------------------------------------------------------------------------------------
If you want to see more and more from these 💎 free signals:
🙏 Help us grow then
Each individual support counts 🙏
Tell us what do you like to know about the market and how do you see the forecasts
Share us your opinion
----------------------------------------------------------------------------------------------------------------
👉This idea has the confirmation of "advanced price action" 👍
👉Follow us and invite your friends too, this way we can share ideas and signal to anyone we care 👍
👉Hit share and spread the information in public chats or your twitter for everybody to get profit 👍
👉Tell us what's important for you in the market or what asset makes a difference in your investment basket 👍
📝Did you know money management and risk management are as important as your entry and exit point of a chart?
💰Plan a Trade before a Trade💰
💸Develop a strategy before you enter position
your strategy have to be a combination of money management + risk management + time management and profit management (the famous MRTP method made exclusively by our team💎)
Trade well ❤️
🌟we decided to teach this format in an elementary level that can be used by majority and all you need is basic info about technical analysis
🌟the descending channel is the parallel channel which trapped our chart and currently retested several times both in dynamic resistance and support
🌟you can also see 2 highlights a green and a red respectively, first of all you have to know that charts want to stay in the value they averagely consolidate which is mainly referred as high EMA (like EMA 200) and if you plot that in any chart it gives you the information from last 200 candles average value that the chart consolidates
🌟both green and red highlights starts and ends mostly in their own bias and created a cycle (perfectly clean in this chart) but there is something wrong! the red highlight is stretch more in time and also in candle power if visually checks! we said the chart wants to stay in the range it consolidated before! so the chart needs some green candle to cover the bleed right!
🌟to make sure you are doing this right you need to check higher time frames and zooming out the chart to recheck the "tend of the chart" which is answered by a simple going up or down, if the answer was the same as our need (in this case we needed green candles so we expect a going up as an answer here) we can continue and enter position, although there are always exceptions but as we told in the beginning we are going in an elementary level not more (yeah we all know that in long term analysis we won't go this way, this simple and with lack of data)
🌟for entering this kind of position simply follow the parallel channel and try to enter and exit from the edges
🌟a 92 pips trade in forex among the crypto trades seems profitable, fun and educational. hope we could teach you something (even if negligible)
----------------------------------------------------------------------------------------------------------------
If you want to see more and more from these 💎 free signals:
🙏 Help us grow then
Each individual support counts 🙏
Tell us what do you like to know about the market and how do you see the forecasts
Share us your opinion
----------------------------------------------------------------------------------------------------------------
👉This idea has the confirmation of "advanced price action" 👍
👉Follow us and invite your friends too, this way we can share ideas and signal to anyone we care 👍
👉Hit share and spread the information in public chats or your twitter for everybody to get profit 👍
👉Tell us what's important for you in the market or what asset makes a difference in your investment basket 👍
📝Did you know money management and risk management are as important as your entry and exit point of a chart?
💰Plan a Trade before a Trade💰
💸Develop a strategy before you enter position
your strategy have to be a combination of money management + risk management + time management and profit management (the famous MRTP method made exclusively by our team💎)
Trade well ❤️