Continuation of the bearish market
My analysis from last week was correct. We had a smooth downtrend, which was confirmed by the BB%. The market broke the trend channel on friday.
For the upcomming week I do see following development. A pullback to 1.12480 ( a 0.382 retracement of the new wave). Following new down movement to 1.11121.
Indicator BB% shows me that on the 4H timeframe the market is oversold. Thus I expect pullback. However the BBW shows me expanding BB. Thus I expect continuation of the downtrend.
What do you think? Do you follow my idea?
For the upcomming week I do see following development. A pullback to 1.12480 ( a 0.382 retracement of the new wave). Following new down movement to 1.11121.
Indicator BB% shows me that on the 4H timeframe the market is oversold. Thus I expect pullback. However the BBW shows me expanding BB. Thus I expect continuation of the downtrend.
What do you think? Do you follow my idea?
Dagangan aktif
The pullback did not happen. Nevertheless my position from last week goes further into profit.Dagangan ditutup secara manual
Expecting some price increase to 1.12120. I take profit and looking for new short entry.
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Penerbitan berkaitan
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.