Potential double top on the H4 Time-frame - Weekly analysis
1760-65 could be the best sell zone, but there's no sign of a valid strong rejection candle yet. This week we all waiting for a robust incoming catalyst; US Flash PMI, Final GDP, Jobless claims, Bank Stress Test Results, and the US PCE
The previous analysis (June 19, 2020) failed, last week Powell gave a strong reason for Bull to hold their trade over the weekend. Last week before the market closed, we tried to sell at the sketchy trendline 1743, but unfortunately, the market was open with a gap up to 1750 as I predicted.
PS: This analysis fail if the H4 candle can breakout and close above 1765. Please don't trade this analysis blindly
The previous analysis (June 19, 2020) failed, last week Powell gave a strong reason for Bull to hold their trade over the weekend. Last week before the market closed, we tried to sell at the sketchy trendline 1743, but unfortunately, the market was open with a gap up to 1750 as I predicted.
PS: This analysis fail if the H4 candle can breakout and close above 1765. Please don't trade this analysis blindly
Dagangan aktif
Back again to the sell zone at 1765 Dagangan aktif
Just in: US Jobless claims 1480K
Final GDP -5.0%
Durable goods order 15.8%
Core Durable Goods Orders 4.4%
Nota
U.S. Federal Reserve Announces It Will Cap Dividend Payments And Bar Share Repurchases In the Third Quarter For 34 Largest BanksDagangan aktif
Just in:USD
Core PCE Price Index m/m 0.1%
Personal Spending m/m 8.2%
Nota
Breakout or rejection? Time will tell
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Upgrade Your Trading Station with Gold Cartel
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.