9-6-2020 - Tuesday - 4H EU - Neutral
Following last week bullish push, prie has been very extended as it surge upwards to retest the Insitutitonal Level 1.135. It has found strong selling pressure on 1.135 as it printed a strong Shooting Star followed by a Bearish Engulfing on Friday close.
Since yesterday Monday's open, price has failed to sustain the break above 1.13 and continue to consolidate below it as all the candles close below 1.13.
As of now, it is currently retesting the Institutional Level 1.13 once again with price close slightly above it. For now, I'll wait for price to show a clear breakout in either direction before deciding to take a setup.
Bias = Neutral
Structure = Consolidation
Setup = No
Since yesterday Monday's open, price has failed to sustain the break above 1.13 and continue to consolidate below it as all the candles close below 1.13.
As of now, it is currently retesting the Institutional Level 1.13 once again with price close slightly above it. For now, I'll wait for price to show a clear breakout in either direction before deciding to take a setup.
Bias = Neutral
Structure = Consolidation
Setup = No
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.