H4 TA analysis of the current situation with two options ahead
Daily:
We have a not clear downtrend, almost empty area below 8.50. Next serious support is 7.40
H4:
Downtrend for 5 days (-23%), accumulation for 13 days with further bearish breakout. At 8.6 - new accumulation.
After false breakout, no high correction, 3rd bar after FB is "stop bar". Next bar in bearish. reached 80% H4 ATR for 3 hours.
It seems that shorts are nearby, but we have to be sure, that other scenario is cancelled. The best short signal for us will be small bars (H1-H4) in yellow box, just above the 8.5 line.
Tp is 3-5% above the 7.40
We have a not clear downtrend, almost empty area below 8.50. Next serious support is 7.40
H4:
Downtrend for 5 days (-23%), accumulation for 13 days with further bearish breakout. At 8.6 - new accumulation.
After false breakout, no high correction, 3rd bar after FB is "stop bar". Next bar in bearish. reached 80% H4 ATR for 3 hours.
It seems that shorts are nearby, but we have to be sure, that other scenario is cancelled. The best short signal for us will be small bars (H1-H4) in yellow box, just above the 8.5 line.
Tp is 3-5% above the 7.40
Dagangan ditutup secara manual
Closed TP 9.80 as per sc#2
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.