1.Identified Support in Green and Resistance in Red

2.Market direction is indicated by 21/55 MA.If 21 is above 55 then the market is bullish and vice-verse if 21 is below 55 then the market is bearish.

3.Price action is indicated by 5/8 MA.

4.Take note of the angle of separation between the moving averages


This month price opened MM3 went up to MR1 where price is at resistance but looking at the 21/55 the market is still bullish.


Price opened at WM3 went up to WM1 and came down to make double bottom at WM3 in an uptrend which cold mean continuation of an uptrend.


Price has been ranging between DPP and DM3 but the 21 is above the 55 which means the market is still bullish so here I am gonna look for buying opportunities on lower time frames H5&H15.

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