SO literally btcusd is going to the moon because there is break of structure for potential upside movement
Break of structure for potential upside movement
There impulse and generally speaking after impulse it usually followed by the correction before another impluse move, so we are buy because the correction is completed and we're ready to sky rocket
Break of market structure for potential upside movement
I Except AUDCAD to buy after testing the Support level , worst case scenario is when the support get broken
XRP TO CRASH , Due to technical analysis this pairs hasn't done a correction , from my point of view i would love to see a correction or huge crash before another BOOM
From the weekly perspective the btcusd is testing the previous broken structure meaning we can easily see potential upside movement
Worse case scenario if the price will do a deeper pullback into the lower BUY ZONE
Break of structure for potential upside movement however there is an area down where the market can do a deeper pullback based on higher time frames absolutely
break of structure for potential downside movement {plus the daily time frame the price is approaching the equal highs meaning we might see sellers , THE WAY IN WHICH WE WILL USE TO APPROACH THIS IS ALWAYS BY BEING REACTIVE AND NOT PREDICITVE - NO CONFRIMATION - NO ENTRY .
Possible buying bias after a break and retest of the daily structure
Break of strucutre for potential upside movement
Looking forward to long NZDUSD as it approaches the support
GBP/USD Will Sell Because We See ''DOUBLE TOP '' Formation On Weekly Time Frame . So This is Our Clear Confirmation . But Also The price Have Retested On D1 time frame.
The Price Has Reached Our Weekly Resistance, So We Expect It To Have A Strong Sell. You can catch an entry after the second RETEST On Daily Time Frame.
AUD/JPY Is Going To Have An Overall SELL Because The Price Have Retested In Daily Time Frame .
As we can see guys we have a break on our trendline support and the price has already retested our trendline support, As long as we have a break and retest we anticipate bears to be in control for the next week. WE ARE TRADERS I KNOW YOU MIGHT HAVE SOME IDEAS, LETS US SHARE AND DISCUSS MORE IN THE COMMENT SECTION.