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Yesterday candlestick D closed one candle. Increasing pressure is above the 45 resistance zone. It is likely that this morning the 1 session will accumulate or distribute to continue following the downtrend. The following milestones need to be noted for effective trading.
🔵 support zone 𝟑𝟗- 𝟑𝟖: Yesterday's price mixed the accumulation zone all day in the 38-32 zone, so I'm waiting for the price to test this zone before buying.
🔵 support zone 𝟑𝟒-𝟑𝟐: price can push deeper here so we can watch to buy up, we buy based on candle D closing the increasing pressure
🔵 support zone 𝟐𝟕-𝟐𝟓: If the price comes back here, I will watch to buy in this area, this is the support area of H4 which is also quite hard and reputable.
🔴 resistance zone 𝟓𝟔 : If the price breaks the 45-50 accumulation zone, I will likely short-sell in this zone because the longer the price accumulates, the stronger the upward force will be.
🔴 resistance zone 𝟔𝟑: This is the coverage area of H1. If the price touches here, you can consider selling.
NOTE: Price is still in a downtrend so we will be more inclined to sell, the price nature will change from session to session. Please join me in updating
Yesterday candlestick D closed one candle. Increasing pressure is above the 45 resistance zone. It is likely that this morning the 1 session will accumulate or distribute to continue following the downtrend. The following milestones need to be noted for effective trading.
🔵 support zone 𝟑𝟗- 𝟑𝟖: Yesterday's price mixed the accumulation zone all day in the 38-32 zone, so I'm waiting for the price to test this zone before buying.
🔵 support zone 𝟑𝟒-𝟑𝟐: price can push deeper here so we can watch to buy up, we buy based on candle D closing the increasing pressure
🔵 support zone 𝟐𝟕-𝟐𝟓: If the price comes back here, I will watch to buy in this area, this is the support area of H4 which is also quite hard and reputable.
🔴 resistance zone 𝟓𝟔 : If the price breaks the 45-50 accumulation zone, I will likely short-sell in this zone because the longer the price accumulates, the stronger the upward force will be.
🔴 resistance zone 𝟔𝟑: This is the coverage area of H1. If the price touches here, you can consider selling.
NOTE: Price is still in a downtrend so we will be more inclined to sell, the price nature will change from session to session. Please join me in updating
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