Monthly, Weekly and Daily price structure is bullish . So there is no situation where we will be looking for shorts. Price currently retraces to a support zone as highlighted on the Daily time-frame. However the H4 market structure is currently bearish . Therefore it will be better to wait for the H4 market structure to turn bullish before going in for longs.
Trade Safe!
Good Health! Good Wealth!
Trade Safe!
Good Health! Good Wealth!
Note
Price reacted well at the support zone.
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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.