6 Sep 13
Analysis of side: " Sideways Trend - Go long on support "
Reason for Entry zone:
1. Price at support zone.
2. Hammer candle at support zone.
3. Volume supported price.
Conclusion:
when you expect a consolidation, look for higher time frame trend., if up go long and down go short.
Tips: when to expect breakout
1. when the price approach approaches the support/resistance zone with strength, we can expect breakout.
2. The raising/falling price has to be supported by strong volume.
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