#IMXUSDT Hello everyone, after writing a previous article about the currency
I was supposed to write an article about the most important opportunities for the currency, but the currency has risen sharply in record time, just like the rest of the market.
But we will analyze the currency and see the most important opportunities, stay with me:
On the 4-hour frame, the currency is in a downward trend, as we can see in this picture, which is clear.
But then we notice a rise in the currency; it rose significantly, but what proves the change in the direction of the currency from bullish to bearish? Follow the explanation.
We notice in the picture that the last bottom broke the inducement, which is the last movement that created the bottom, and then a peak was created, and the inducement of this peak was broken, thus forming a bottom and a peak in a downward trend. Now it either continues to drop, and then we find an opportunity to enter, or it breaks the peak and there is a change in the market direction. This is what happened: the peak was broken, and the market direction changed from a downward trend to an upward trend.
Now we will wait first for the break of the inducement and then the return to the order block area, and then execute a buy order with a good profit. We will take the trade on smaller time frames like the 15-minute chart. I will follow the trade, and when it is ready, I will explain the channel for the trade, entry points, and targets accurately, and it will hopefully be a profitable trade.
And to know that profitable trades require patience and following the trade; the last trade passed us by, but this trade will be profitable.
If there is anything unclear, write in the comments, and I will respond to everyone.
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