Reached the all time low.
Hi everyone, Yurii Domaranskyi here. Let's take a look at the chart:
1. Price levels are working well.
2. Globally range, locally downtrend
3. there was no confirmation of the level before 2 days ago, you can see nicely on the m5 chart the players see the price level.
4. Distant test of the level
5. approached with bars a little bigger than usual, but no paranormal
6. approached slowly
7. there was accumulation before the level
8. there was a rollback
9. the instrument closed above the level
10. all-time low low level, from there, was made a huge move up
11. there is enough room for a move 1 to 5.1 r/r
12. no model descending lows, we can see the engulfing bar on daily
13. no news for the last 10 days
14. the price came from the above
15. the price has a big potential for reversal
16. no planned report in the next 2 weeks
Potential risk/reward ratio = 1 to 5.1 meaning that potential risk 100$ with the possibility to make 510$
If you find the work valuable, please, press a thumb up! 👍
1. Price levels are working well.
2. Globally range, locally downtrend
3. there was no confirmation of the level before 2 days ago, you can see nicely on the m5 chart the players see the price level.
4. Distant test of the level
5. approached with bars a little bigger than usual, but no paranormal
6. approached slowly
7. there was accumulation before the level
8. there was a rollback
9. the instrument closed above the level
10. all-time low low level, from there, was made a huge move up
11. there is enough room for a move 1 to 5.1 r/r
12. no model descending lows, we can see the engulfing bar on daily
13. no news for the last 10 days
14. the price came from the above
15. the price has a big potential for reversal
16. no planned report in the next 2 weeks
Potential risk/reward ratio = 1 to 5.1 meaning that potential risk 100$ with the possibility to make 510$
If you find the work valuable, please, press a thumb up! 👍