Monthly: Overall Ranging , Most recent two candles show that buyers are in control
Weekly: Overall Bearish, Price is Currently Retracing and may find resistance at current level.
Daily SETUP: Overall Bullish, Price has broken resistance, creating a CHOCH Confluence #1, Found Support @ 38.2% (FIBONACCI) Confluence #2 , Price forms a Bullish Engulfing Pattern Confluence #3
** Price Must continue to Test Trend Line on Daily** Marked
Entry will be on H1: Price must Break LH (1) and Test New Found Support(2) ended with a Bullish Engulfing Candlestick Pattern (3)
Daily Targets Based off where price currently is (Disclaimer: These are TARGETS not Take Profits) **You take profits alone the way.**
A. 0.69384
B. 0.71175
Weekly: Overall Bearish, Price is Currently Retracing and may find resistance at current level.
Daily SETUP: Overall Bullish, Price has broken resistance, creating a CHOCH Confluence #1, Found Support @ 38.2% (FIBONACCI) Confluence #2 , Price forms a Bullish Engulfing Pattern Confluence #3
** Price Must continue to Test Trend Line on Daily** Marked
Entry will be on H1: Price must Break LH (1) and Test New Found Support(2) ended with a Bullish Engulfing Candlestick Pattern (3)
Daily Targets Based off where price currently is (Disclaimer: These are TARGETS not Take Profits) **You take profits alone the way.**
A. 0.69384
B. 0.71175
Note
PRICE Does not seem to be Testing the Trendline on Daily Chart, Very Choppy. Lower timeframes may signify Seller being in control.
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.
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.