So I started following this pair again after the first break the second we anticipate a failure as the bulls broken the upper bound of a bullish channel which is a reversal signal we did videos explaining this if u seen them n been following these post u been on top of this market to the tee! As there's no rush to entry as I try to help u pick the best entry to hold a position on this pair in this post we can see the violation of the upper channel but what happen after that move? As I said when anticipating the short ...if the bulls start to range here than they won etc n that's a very strong sign of strength
Now pls look at this chart! What do u see? U see the break of the channel a climax move up and then a range! This is exactly what I'd preparing yal for well before it happened know understand the break of the channel was n will always be very exhausting on a market cuz it bring it until over brought n again just cuz a market is so n diver doesn't mean a reversal! The div n over brought must have content that agree. Notice after the climatic move what did the market do? It ranged!!!
So understand these efforts are strong signs of bulls!!!
NOW the more candles n time above this upper channel the stronger it becomes as support now!
Again plz take the time to understand these post as it'll help u stay a few steps ahead of the herd!!! I want u to see moves n understand what's going on also n not react to the herd with the herd! Justifying ur difference is a major step to b closer to trade like them! So let's cont to justify against the sheep!
So now this channel is strong support as the bulls maintained that level above it (over brought) for several Weeks! See it look at the chart! Understand what the chart is saying! Notices the loow of the range touching the channel out the range the bulls is using it as support now! Notice this past Friday low didn't even break the low of this mentioned low the bulls stop them from even touching the channel as well Again look for yourself I'm not making this up I'm just helping understand how to read the chart minus the herd effect!
Now I'll share something very very important with u n it took me a long time n pain to get this
It doesn't matter how much a market price rises or drop in a session thus the highs n lowers DO NOT MATTER in price strength as we think we all look at highs n lows etc what matters is the opening and closes in relation to the highs n lowers! Etc if a market went up at the start sold down giving a upper wick and then open sold down but then the bulls rallied n force that open bears candles to close far from the low then this is a signs of strength look at the ex on the chart so if the bulls manage to close the market off the low then it doesn't matter how much the high sold dwn cus the bears did not close price near the low after the candle body starts to forms so always look at the real body n it's placement in relations to the highs n low as we can see fris said gave us a long upper wick but the real body was small n didn't close on its low thus there's a lower wick as well and the bodies is right at the level of the other weekly bodies! look at the chart see if for yourself
So the bulls stopped the bears from closing on its low of last week candle and stop them from breaking the low of the range the first low which unable Them from interacting with the upper trendlines channel so if the bulls did all this and it's their market rn how can anyone justify selling against the bulls rn the only justification they have is the drop in price! Thus they use that visual effects to justify a trade setup grab their tools their bat cats n hats their fibs their rsi n trying to find a setup based off of miss understand of price cuz they are looking at the visual not structural N again anything can happen that's not the point here the point is probability and the probability of a successful of shorting this bullish market without structure breaking is a losing set up!!!!
So a reversal as the herd claims ? I doubt it will happen at this level why? Again look at these posts to understand the power of a range it'll help out a lot here so we have that going on n the support of the channel n buyers all n these zone looking for a discount
So when I heard of the drop the first thing I thought was a buyer discount it's logical for smart traders but for the herd they think market crash so most likely they'll position will get liquidifed a pool of liquidity for smart money to buy through n go higher THIS IS HOW IT WORKS MY FRIENDS WELL ALL KNOW ABOUT BUT BUT DONT KNOW HOW TO IDENTIFY IT BEFORE IT HAPPENS
Again anything can happen but I'll leave u with this FOOD FOR THOUGHTS
IF THE BEARS OWN THIS THEN LETS THEM BREAK THE CHANNEL and let them but strong bars in it
Now pls look at this chart! What do u see? U see the break of the channel a climax move up and then a range! This is exactly what I'd preparing yal for well before it happened know understand the break of the channel was n will always be very exhausting on a market cuz it bring it until over brought n again just cuz a market is so n diver doesn't mean a reversal! The div n over brought must have content that agree. Notice after the climatic move what did the market do? It ranged!!!
So understand these efforts are strong signs of bulls!!!
NOW the more candles n time above this upper channel the stronger it becomes as support now!
Again plz take the time to understand these post as it'll help u stay a few steps ahead of the herd!!! I want u to see moves n understand what's going on also n not react to the herd with the herd! Justifying ur difference is a major step to b closer to trade like them! So let's cont to justify against the sheep!
So now this channel is strong support as the bulls maintained that level above it (over brought) for several Weeks! See it look at the chart! Understand what the chart is saying! Notices the loow of the range touching the channel out the range the bulls is using it as support now! Notice this past Friday low didn't even break the low of this mentioned low the bulls stop them from even touching the channel as well Again look for yourself I'm not making this up I'm just helping understand how to read the chart minus the herd effect!
Now I'll share something very very important with u n it took me a long time n pain to get this
It doesn't matter how much a market price rises or drop in a session thus the highs n lowers DO NOT MATTER in price strength as we think we all look at highs n lows etc what matters is the opening and closes in relation to the highs n lowers! Etc if a market went up at the start sold down giving a upper wick and then open sold down but then the bulls rallied n force that open bears candles to close far from the low then this is a signs of strength look at the ex on the chart so if the bulls manage to close the market off the low then it doesn't matter how much the high sold dwn cus the bears did not close price near the low after the candle body starts to forms so always look at the real body n it's placement in relations to the highs n low as we can see fris said gave us a long upper wick but the real body was small n didn't close on its low thus there's a lower wick as well and the bodies is right at the level of the other weekly bodies! look at the chart see if for yourself
So the bulls stopped the bears from closing on its low of last week candle and stop them from breaking the low of the range the first low which unable Them from interacting with the upper trendlines channel so if the bulls did all this and it's their market rn how can anyone justify selling against the bulls rn the only justification they have is the drop in price! Thus they use that visual effects to justify a trade setup grab their tools their bat cats n hats their fibs their rsi n trying to find a setup based off of miss understand of price cuz they are looking at the visual not structural N again anything can happen that's not the point here the point is probability and the probability of a successful of shorting this bullish market without structure breaking is a losing set up!!!!
So a reversal as the herd claims ? I doubt it will happen at this level why? Again look at these posts to understand the power of a range it'll help out a lot here so we have that going on n the support of the channel n buyers all n these zone looking for a discount
So when I heard of the drop the first thing I thought was a buyer discount it's logical for smart traders but for the herd they think market crash so most likely they'll position will get liquidifed a pool of liquidity for smart money to buy through n go higher THIS IS HOW IT WORKS MY FRIENDS WELL ALL KNOW ABOUT BUT BUT DONT KNOW HOW TO IDENTIFY IT BEFORE IT HAPPENS
Again anything can happen but I'll leave u with this FOOD FOR THOUGHTS
IF THE BEARS OWN THIS THEN LETS THEM BREAK THE CHANNEL and let them but strong bars in it
