Good morning guys!!
In my last chart published on Friday, I gave a closing price level above which it was possible enter long: 71.20. Prices rebounded just above, at 71.63 (ema 7 + ema 14), and then closed at 70.49: short continuation.
Yesterday the prices continued to fall heavily, breaking the black trendline and closing just above the ema 100.
There are three very important levels of support left: 67.25 - 66.40 - 65.15. Under these levels we may have a daily trend inversion.
So my operation remains the same: flat waiting for an entry signal.
Do not forget that we are at the end of the cycle: prices could rebound from this area and then start to rise again. Moreover the oscillators are in strong divergence on the H1 H4 and daily timeframe.
I conclude: long until proven otherwise, but we must wait for a clear entry signal.
See you later for intraday updates
Have a nice day
In my last chart published on Friday, I gave a closing price level above which it was possible enter long: 71.20. Prices rebounded just above, at 71.63 (ema 7 + ema 14), and then closed at 70.49: short continuation.
Yesterday the prices continued to fall heavily, breaking the black trendline and closing just above the ema 100.
There are three very important levels of support left: 67.25 - 66.40 - 65.15. Under these levels we may have a daily trend inversion.
So my operation remains the same: flat waiting for an entry signal.
Do not forget that we are at the end of the cycle: prices could rebound from this area and then start to rise again. Moreover the oscillators are in strong divergence on the H1 H4 and daily timeframe.
I conclude: long until proven otherwise, but we must wait for a clear entry signal.
See you later for intraday updates
Have a nice day
Nota
Hi guys, a little update:yesterdey the price hitted the S1 support (ema 100 daily), from where it has been rebounded, but there hasn't been a determined reaction. Still flat.
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.