Alikze → #MAV | The bottom of the ascending channel
After touching the target, according to the analysis of the previous post (here), it is currently moving in an upward channel, which is placed on the support of the previous ceiling and also at the bottom of the channel. If it registers a green candle above 65 cents and exits the corner of concentration, the first target of that supply zone will be the range of 78 cents, and then, if the supply zone breaks, its next target will be 87 cents.
🟩Sup: 0.65
⛳️Tp 1:0.78
⛳️ Tp2 :0.87
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🟩Sup: 0.65
⛳️Tp 1:0.78
⛳️ Tp2 :0.87
-----------------
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Sincerely.❤️
Comment:
According to the failure of the area, if you are a risk taker, you can open a buy position.
Comment:
Activating the position and exiting the rectangle density. The first target range is 0.68
Comment:
This position is currently cancelled. It should probably have another corrective lag. If it is approved, you can log in at the top.
Comment:
Break the red box with the support of 0.66, you can enter again and we consider this return as the bottom liquidity collection.
Comment:
It seems ready to break the area to continue the trend up to the demand range.
Comment:
Yes, resistance break happened now...
Comment:
OK, make a trail stop. A break of the 0.78 Fibo will open the way to the upper supply zone.
Comment:
Negative reaction to 0.78 Fibo. It is possible to wait for the supply zone target to re-enter after the failure in the lower time frame. This can be more reliable.
Comment:
After saving the profit in the 0.78 Fibo area, as you can see, the correction was made to below the area for liquidity, and now it seems that after the break and pullback to the area, a short correction should be made to break the second area for the target of the next supply range. have Therefore, you can enter the buy position in the specified area to continue the path.
Comment:
A correction has been made in the form of three correction waves of the previous wave, which is placed in the density to escape from the corner, which will be able to reach the supply area after the failure.
Comment:
according to the movement path, resistance break and retest.
