The trend has been going down on it's higher low lower close after reaching its highest maxima 0.00005813.
Using the ABCD pattern looks like the market is gaining it's momentum back. There's a strong support and resistance around 0.00004748 zone .
46 minutes later the trend started moving upwards and looks like the trade is on my side
My trading strategies are:
- Price action
- Trendlines
- Hamornic patterns
With these analysis one can :
- Spot reversal in a trend and profit from the reversal
- Spot continuations and know when to stay on a trade.
- Spot signs that trade may not be going your way and close it.