Weekly analysis:
March saw new 10 year lows of around 0.57 and week 20 saw a bearish engulfing candle of week 20. So far this week there has been strong bearish momentum up to a daily resistance level of 0.6145
Daily analysis:
Yesterday price tested the resistance range around 0.6145 again for the 3rd time in the last 21 days. Look to lower timeframes to find entry opportunity for short
1H analysis:
At this timeframe level we can see a supporting trendline up toward the daily resistance level.
IF there is a break of this trendline to the downside
THEN I will make enter a short trade IF there is a retest of a previous local support/resistance level.
However - IF a daily candle closes above the resistance range THEN price may move to the upside and this trade idea will be invalid.
Target 1 : 0.601
Target 2 : 0.5925
March saw new 10 year lows of around 0.57 and week 20 saw a bearish engulfing candle of week 20. So far this week there has been strong bearish momentum up to a daily resistance level of 0.6145
Daily analysis:
Yesterday price tested the resistance range around 0.6145 again for the 3rd time in the last 21 days. Look to lower timeframes to find entry opportunity for short
1H analysis:
At this timeframe level we can see a supporting trendline up toward the daily resistance level.
IF there is a break of this trendline to the downside
THEN I will make enter a short trade IF there is a retest of a previous local support/resistance level.
However - IF a daily candle closes above the resistance range THEN price may move to the upside and this trade idea will be invalid.
Target 1 : 0.601
Target 2 : 0.5925
Dagangan ditutup: hentian tercapai
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.