Main reason why I am buying.
-Price has approached to important level that i like to call Critical Level. (Critical Level is where price has broken and retested or bounced off the certain level) which is the strongest level on the chart.
-Price has tested 200 ema (orange) couple of time going along with black trendline as i feel they correlates in different way.
-I want to see how price reacts off Critical Level before i open a buy position.
-If price played out how i wanted it to, i will keep the position open for couple of weeks as it is long term trade only.
Educational Purpose, Trade my analysis by looking at the chart and using your own *confirmation*
-Price has approached to important level that i like to call Critical Level. (Critical Level is where price has broken and retested or bounced off the certain level) which is the strongest level on the chart.
-Price has tested 200 ema (orange) couple of time going along with black trendline as i feel they correlates in different way.
-I want to see how price reacts off Critical Level before i open a buy position.
-If price played out how i wanted it to, i will keep the position open for couple of weeks as it is long term trade only.
Educational Purpose, Trade my analysis by looking at the chart and using your own *confirmation*