Weekly open analysis
Presented is a 1 hr chart analysis for the start of the week.
Currently we are retesting our low support. With indicators showing choppy movement we will rely on price action to determine direction. A breach and full close out below .93000 can expect to retest .92500.
A high volume pivot off .93000 can signal a retest of .93600. Furthermore continuation above .93600 can signal a retest of .94000.
Enter trade after a full breach below support or confirmed pivot off support. Double zero number hold true during current direction in either way as I clearly presented on chart.
Please comment with thoughts and ideas. Thank you.
Currently we are retesting our low support. With indicators showing choppy movement we will rely on price action to determine direction. A breach and full close out below .93000 can expect to retest .92500.
A high volume pivot off .93000 can signal a retest of .93600. Furthermore continuation above .93600 can signal a retest of .94000.
Enter trade after a full breach below support or confirmed pivot off support. Double zero number hold true during current direction in either way as I clearly presented on chart.
Please comment with thoughts and ideas. Thank you.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.