Analysis: Utilizing chart patterns, highs & lows, and impulses & corrections, the focus is on identifying a continuation corrective structure following a breakout.
The price has approached the lower bound of a bullish continuation structure in confleunce with the lower bound of an ascending channel on the higher time frame (HTF) with a descending structure on the Mid time frame (MTF). The price has broken out of the MTF descending channel with a bullish impulse. We will now monitor for a bullish continuation structure to identify a potential entry point for the trade on the lower time frame.
Expectation: A upward move is expected, with the target at upper bound of the HTF continuation structure.
⚠️ Reminder: Always conduct your own analysis and apply proper risk management, as forex trading involves no guarantees. This is a high-risk activity, and past performance is not indicative of future results. Trade responsibly!
The price has approached the lower bound of a bullish continuation structure in confleunce with the lower bound of an ascending channel on the higher time frame (HTF) with a descending structure on the Mid time frame (MTF). The price has broken out of the MTF descending channel with a bullish impulse. We will now monitor for a bullish continuation structure to identify a potential entry point for the trade on the lower time frame.
Expectation: A upward move is expected, with the target at upper bound of the HTF continuation structure.
⚠️ Reminder: Always conduct your own analysis and apply proper risk management, as forex trading involves no guarantees. This is a high-risk activity, and past performance is not indicative of future results. Trade responsibly!
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.