Key bullish level: $3.77 , $4.04 and $4.26
Key bearish level: $3.41 , $3.25 and $3.02
I am only considering the recent strong bullish swing from £2.99 - $4.9.
So far we have seen market structure shift and the a clean break of structure indicating reversal.
Since the trend line is acting as a nice supp there is a good chance of a big demand and we recently had a big daily engulfing candle. The next candle is bearish but isnt engulfing and the latest is the green hangman signalling further bullish move.
Since April is bullish as seen per historical data we might see the price climbing up soon.
The price will most definitely come to test $4.04 FVG and then see where it will go from there.
A gap up is expected at next open. If there is a break in 1D bullish trendline then a big possibility to tap in deeper FVG @ 3.2.
So atm, too many speculations and so so, much is going on after end of financial year and the markets correcting itself.
Hope you have a nice trading week! All the best, everyone!
Key bearish level: $3.41 , $3.25 and $3.02
I am only considering the recent strong bullish swing from £2.99 - $4.9.
So far we have seen market structure shift and the a clean break of structure indicating reversal.
Since the trend line is acting as a nice supp there is a good chance of a big demand and we recently had a big daily engulfing candle. The next candle is bearish but isnt engulfing and the latest is the green hangman signalling further bullish move.
Since April is bullish as seen per historical data we might see the price climbing up soon.
The price will most definitely come to test $4.04 FVG and then see where it will go from there.
A gap up is expected at next open. If there is a break in 1D bullish trendline then a big possibility to tap in deeper FVG @ 3.2.
So atm, too many speculations and so so, much is going on after end of financial year and the markets correcting itself.
Hope you have a nice trading week! All the best, everyone!
Nota
one main thing i forgot to mention is that a big liquidity sweep is coming before bullish move around @ $3.38 Nota
Liquidity sweep $3.38 done! Did a retest at $3.31. I have good hopes from this bullish move. Next target $3.47 and then $3.77
Penafian
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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.