Technical Analysis:
Higher TFs: Given the recent week's top rejection and inside bearish close, it appears that the bulls are running out of momentum. The last day's price action was a bearish continuation candlestick (lower low and lower close), indicating that the bears are in control.
The plan is to look for a short position on the lower timeframe by identifying a key horizontal level for a pullback.
4-Hourly Chart: My potential short trade is around 0.9149/53.
In case the price doesn't reverse from this zone, the next zone to go short would be:
Higher TFs: Given the recent week's top rejection and inside bearish close, it appears that the bulls are running out of momentum. The last day's price action was a bearish continuation candlestick (lower low and lower close), indicating that the bears are in control.
The plan is to look for a short position on the lower timeframe by identifying a key horizontal level for a pullback.
4-Hourly Chart: My potential short trade is around 0.9149/53.
- Sell Limit Entry: 0.9149/53
- Stop Loss: Above 0.9162
- Target: 0.9111
In case the price doesn't reverse from this zone, the next zone to go short would be:
- Sell Limit Entry: 0.9173/76
- Stop Loss: Above 0.9190
- Target(s): 0.9149/53, 0.9111
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.