This is just my idea and what I see in the chart, as always I am only as confident as the volatile market will allow me to be.
Apart from a consolidation day the trend has respected the required lower lows and lower highs of a trend for a week, it is following the channel very nicely on 4 hour and daily time frames. I don't have any reason to believe that it will fall through the long term support and I feel it will become bullish once it has tested it.
Meanwhile it has retraced and should be geared for a 150ish pip drop over the next few days before the switch.
Disclaimer: I am a noob and only recently began wrapping my head around this. Please don't make decisions based on what you see here, Use your own analysis and take mine with just a grain of salt. Feedback appreciated.
Thank you.
Apart from a consolidation day the trend has respected the required lower lows and lower highs of a trend for a week, it is following the channel very nicely on 4 hour and daily time frames. I don't have any reason to believe that it will fall through the long term support and I feel it will become bullish once it has tested it.
Meanwhile it has retraced and should be geared for a 150ish pip drop over the next few days before the switch.
Disclaimer: I am a noob and only recently began wrapping my head around this. Please don't make decisions based on what you see here, Use your own analysis and take mine with just a grain of salt. Feedback appreciated.
Thank you.
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.