looking at the monthly and weekly charts it`s clear this pair is showing strong sognals of strenght to the down side, adding a double top in the weekly chart and the last monthly close.
i would be either expecting a range in the current area for this week or a candlestick formation that can provide a confirmation to go short.
also there is an interesting fibb confluence in the 61.8 area.
so i wont rush and wait to see a good reaction with the daily patterns or maybe in the 4-2 hours. for me the most accurate way to find an entry would be watching a structural change in the 2 or 4 h timeframe since the structure there is still bullish
i would be either expecting a range in the current area for this week or a candlestick formation that can provide a confirmation to go short.
also there is an interesting fibb confluence in the 61.8 area.
so i wont rush and wait to see a good reaction with the daily patterns or maybe in the 4-2 hours. for me the most accurate way to find an entry would be watching a structural change in the 2 or 4 h timeframe since the structure there is still bullish
Dagangan ditutup: hentian tercapai
this trade from my view was pretty solid it had good confirmations. however it didnt shio a significant structure change and also surpassed a previous area of Lh (daily ) which was significant cause it seems to be using it as floor . so ill keep track on this pair
Nota
as i said i should've wait for a structural change just something to keep in mind for next trades. since the confirmations and what was giving me the impression of it being a soild trade was the area where it was and the cnfluence with the weekly fibb
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.