Price direction on a Quarter chart is down, as new lower low and lower high appeared (Price direction is not the same as a trend direction)
Last Quarter's close is below 5MA what gives a bit more power to bearish signals
Currently none of the major chart patterns appears (Quarter)
Price is currently at 61.8% Fibonacci retracement area
in a relation to Previous swing UP
Currently none of the major chart patterns appears on weekly chart
Price is currently at 76.4% Fibonacci retracement area (Filtered to weekly timeframe)
in a relation to 1w Chart
On a 1D chart we have a bullish pattern
Price is currently at 61.8% Fibonacci retracement area (Filtered to 1D timeframe)
in a relation to Previous swing UP
Will look for a bullish short term entry setup (based on 1D chart, trade will be left for hours, but position will be closed in parts and using a trailing technique, will try leave it open for a maximum period possible) at around 0.7125
This short term trade is at high risk with a low probability factor, but as a trader, I can not ignore the signal, so short stops and short targets must be applied
In conclusion, all the levels I mentioned are based on a current market activity, but everything can be changed within seconds, however based on a review that is done, I will be looking for a buying opportunities on Monday - Tuesday.
"P.S.: Sometimes you can see opposite opinions in my analysis. Please don’t rush to complain. It is happening due to a different timeframe analysis. As an example - If I have a buy signal on a quarter chart (3m), it doesn’t mean I have no selling opportunities on a Daily chart or on a 1H chart."
Last Quarter's close is below 5MA what gives a bit more power to bearish signals
Currently none of the major chart patterns appears (Quarter)
Price is currently at 61.8% Fibonacci retracement area
in a relation to Previous swing UP
Currently none of the major chart patterns appears on weekly chart
Price is currently at 76.4% Fibonacci retracement area (Filtered to weekly timeframe)
in a relation to 1w Chart
On a 1D chart we have a bullish pattern
Price is currently at 61.8% Fibonacci retracement area (Filtered to 1D timeframe)
in a relation to Previous swing UP
Will look for a bullish short term entry setup (based on 1D chart, trade will be left for hours, but position will be closed in parts and using a trailing technique, will try leave it open for a maximum period possible) at around 0.7125
This short term trade is at high risk with a low probability factor, but as a trader, I can not ignore the signal, so short stops and short targets must be applied
In conclusion, all the levels I mentioned are based on a current market activity, but everything can be changed within seconds, however based on a review that is done, I will be looking for a buying opportunities on Monday - Tuesday.
"P.S.: Sometimes you can see opposite opinions in my analysis. Please don’t rush to complain. It is happening due to a different timeframe analysis. As an example - If I have a buy signal on a quarter chart (3m), it doesn’t mean I have no selling opportunities on a Daily chart or on a 1H chart."
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.