When I saw the setup it look liked a perfect short opportunity, but market showed otherwise
Bearish Move:
There was a new 4HR support level
Market respected that level
Lower TF shows double bottom
Bulls took over
Bullish Move:
0.72844 was the previous high
From 0.72312 there were lots of engulfing candles showing the market is bullish now
The high was retested and is on its way to 0.73706
Bearish Move:
There was a new 4HR support level
Market respected that level
Lower TF shows double bottom
Bulls took over
Bullish Move:
0.72844 was the previous high
From 0.72312 there were lots of engulfing candles showing the market is bullish now
The high was retested and is on its way to 0.73706
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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.
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.