Forming heas and shoulders. I believe that it will touch the critical zone again before it make another rise. You can place your order slightly above the critical zone. You can place your TP on a little lower than the left shoulder.
Entry : 1655
TP: 1990 - 2000
HIGH RISK. DUE TO INCOMING US ELECTION, NEWS WILL CAUSE VOLATILITY IN THE MARKET. BETTER...
YFI is trading in critical zone right now. Two points to consider:
1. Ichimoku cloud is forming sideways the candles. (Red cloud means bearish).
2. The candle formation on the blue box is quite similar.
>> Bullish if:
✓ Breakout in the cloud is seen.
✓ lead line converge and forms green clouds.
>> Bearish is
✓ No breakout
As you can see in the chart, it forms a bullish flag. If it break the flag I will place my first buy at 0.8915(50%) and second buy at 0.8655(50%). if all orders are filled it will averaged to 0.8785
As you can see in the chart, it forms a bullish flag. If it breaks the flag I will place my first buy at
0.9815 (50%) and second buy at 0.8655 (50%). If all entry are filled it will averaged to 0.8785