the price got a rejection from the monthly resistance on 0.91$ after a bullish impulse.
After that, the price created a bullflag above the daily resistance on 0.70$ where the price retested the 0.618 Fibonacci level
On 4h Timeframe, the price is in the accumulation Phase below the monthly resistance on 0.77$
how to approach?
I'm monitoring the price, I'd like to see a clear breakout from the bullflag.
After the breakout I could see a rejection from the 0.78$, it's a monthly one.
If the price is going to have a breakout of it and satisfy my rules, I can Open a new long position with a very nice risk reward.
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
After that, the price created a bullflag above the daily resistance on 0.70$ where the price retested the 0.618 Fibonacci level
On 4h Timeframe, the price is in the accumulation Phase below the monthly resistance on 0.77$
how to approach?
I'm monitoring the price, I'd like to see a clear breakout from the bullflag.
After the breakout I could see a rejection from the 0.78$, it's a monthly one.
If the price is going to have a breakout of it and satisfy my rules, I can Open a new long position with a very nice risk reward.
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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.
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.