BTCUSD

23 בינו׳ 2020

As you can see on BTCUSD price has been moving in a larger corrective pattern. Before my analysis stated that if the [price broke the structure i would wait for a push then flag and then place a long order. However, i mentioned if price fell below my blue lined support level which has no turned into a resistance zone i will be shorting to the next zone. Here as you can see price has fallen below and i will wait to see how price reacts to the blue zone if it comes to retest the zone. If price is making a retest and i can see clear rejections around this zone or a clear pattern which breaks out below. i will be shorting this pair. You can clear see my stop loss and take profits with a nice R.R.R and good potential to catch a lot of percentage. Stay patient, i will be watching this pair closely and keep you guys updated on this pair.