Hi everyone!
In short term, we have successfully followed this bearish price action (see chart below), but at the same time, we have reached an interesting mid term support area which could be used for some scalp trades or positioning.
That said, if volatility does appear, it will most likely be due to the retail sales figure expected in a few minutes.
On the hourly chart I have shown the technical levels that could be used (my favorites are the last two, especially the last one)... good luck!
OUR LAST SETUP
(Click and Play on Chart below)
In short term, we have successfully followed this bearish price action (see chart below), but at the same time, we have reached an interesting mid term support area which could be used for some scalp trades or positioning.
That said, if volatility does appear, it will most likely be due to the retail sales figure expected in a few minutes.
On the hourly chart I have shown the technical levels that could be used (my favorites are the last two, especially the last one)... good luck!
OUR LAST SETUP
(Click and Play on Chart below)
Nota
Nota
On chart I showed 1.794 level as overbought... error! I meant oversold... sorry! 😢
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Penerbitan berkaitan
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.