Price trapped, awaiting next move with this pair
1. Wait for a break of support (floor)
2. Wait for a RETEST (where price closes below the previous level of supports as a new resistance (ceiling), it is safe to enter
Price doing this is a Continuation of a downtrend.
1. Wait for a break of resistance (Ceiling)
2. Wait for a RETEST (where price closes above the previous level of resistance)
Once price confirms resistance as new support (floor), it is safe to enter.
Price doing this is a shift of momentum.
2. Wait for a RETEST (where price closes below the previous level of supports as a new resistance (ceiling), it is safe to enter
Price doing this is a Continuation of a downtrend.
1. Wait for a break of resistance (Ceiling)
2. Wait for a RETEST (where price closes above the previous level of resistance)
Once price confirms resistance as new support (floor), it is safe to enter.
Price doing this is a shift of momentum.