Ok so let’s follow up with this pair as I said maybe two weeks this pair will mostly like shoot up. Why! As I’d mention the be pair is bearish and for the last few weeks we just hadn’t seen good selling power. As there’s a difference is price dropping over rolling over. Therefore we are still in the underbelly of the primary swing . Primary swing is a impulse move that follows up is delayed and an underbelly is all movements under the swing from its high to its low.
So what this means as far as price action is that we have a pair that is indecisive or better put Is at a pause. Indecisiveness means breakout!
I also said we have a breakout sequence with a inside bar and outside bars .
This is where a whole candle engulfing one and then the next is outside of it . So it’s a big candle in the middle. This means continuation or reversal.
As I said the price action seems to show reversal.
Also as price broke the historic trendline. Price seems to be at a pause as if price went to far out of bound and Is bout to u turn..
The outcome of this price here is moving sideways inside the primary swing for weeks now . What do actions like this mean, typical consolation at support is bearish. But I don’t feel this will be the outcome. As the highertime moving averages are catching up I see this as a way to actually get on top off them at once. But either way which every way price goes outside of the primary swing I’m ready.
As the quiet pairs are the ones traders show keep a close eye on. Don’t sleep on this pair
So what this means as far as price action is that we have a pair that is indecisive or better put Is at a pause. Indecisiveness means breakout!
I also said we have a breakout sequence with a inside bar and outside bars .
This is where a whole candle engulfing one and then the next is outside of it . So it’s a big candle in the middle. This means continuation or reversal.
As I said the price action seems to show reversal.
Also as price broke the historic trendline. Price seems to be at a pause as if price went to far out of bound and Is bout to u turn..
The outcome of this price here is moving sideways inside the primary swing for weeks now . What do actions like this mean, typical consolation at support is bearish. But I don’t feel this will be the outcome. As the highertime moving averages are catching up I see this as a way to actually get on top off them at once. But either way which every way price goes outside of the primary swing I’m ready.
As the quiet pairs are the ones traders show keep a close eye on. Don’t sleep on this pair
