Good morning everyone!!!
Summer holiday, the kids are coming to stay with Aunt G, so this morning when I woke up, instead of rushing to prepare my work before going to the office, I prepared breakfast for the little ones, which means I could only write this when I had some free time at the office 😆
💥 Currently, the range of 105.4-106 is still extremely important to shape the trend as I pointed out in the comments of last night's post!
If it doesn't break, we are still in the declining area and it could reverse at any moment.
💥💥 Important NOTES about the medium-term patterns that are forming or pretending to form to trap us, I am monitoring but just giving early warnings so that you can trade safely, because prices can fluctuate wildly with large amplitudes:
1. H4 frame: symmetrical triangle --> if it breaks 105.2, it's a trap pattern; losing 103.6-103 is correct and it could drop deeply to 101.
2. D1 frame: head and shoulders --> if it breaks 106, it's a trap; if it goes down, we need to monitor reactions in the low area of 102-101. But if it’s correct, losing 101 will bring it down to around 98.
💥💥💥 The decline wave 10 days ago, the exchange also intentionally created many patterns with BTC, ETH, and many people were worried and asked me. But I always reassure that we need to be patient and wait for confirmations at price levels because the market looks like a trap everywhere. Sometimes it’s a pattern that will really form, sometimes it's intentionally created to trap long/short positions.
Stay alert and disciplined everyone. The market is extremely sensitive!!!
--- Love all ---