Daily
-Spinning bottom candle (bull)
-RSI broke out resistance trendline, then retested with success
12h
-spinning bottom following by hammer (bull)
-heikin ashi smoothed went green (bull)
-RSI trendline not broken out yet
Resistances to pass :
-10400 (pMonthly pivot)
-10600 (POC)
-11000 (high + """POTENTIAL""" iH&S neckline) (a pattern is not a pattern until it's validated)
Zones to support :
-10100 (local POC + Daily pivot)
-9750 (previous W candle opening)
POC = volumes Point Of Control (where the most volumes were exchanged on horizontal levels, you can see it thanks to the VPVR tool)
Thank you
-Spinning bottom candle (bull)
-RSI broke out resistance trendline, then retested with success
12h
-spinning bottom following by hammer (bull)
-heikin ashi smoothed went green (bull)
-RSI trendline not broken out yet
Resistances to pass :
-10400 (pMonthly pivot)
-10600 (POC)
-11000 (high + """POTENTIAL""" iH&S neckline) (a pattern is not a pattern until it's validated)
Zones to support :
-10100 (local POC + Daily pivot)
-9750 (previous W candle opening)
POC = volumes Point Of Control (where the most volumes were exchanged on horizontal levels, you can see it thanks to the VPVR tool)
Thank you
Note
Global POC just switched from 10600 to 10100 !!!10100 support is now more important than 10600 resistance
Note
Price was rejected after resistance after a short term bounceThis scenario was obviously canceled when price went under 10100 and 9700
Note
Check it out ! :)fxleaders.com/forex-signals/
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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.
Related publications
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.