The reversal zone has been identified based on volume and Fibonacci levels, and the likelihood of a reversal in these areas is high. Please note that trading in this zone requires the use of appropriate tools to obtain confirmations. This is solely an analysis and not a financial or trading recommendation. The responsibility for any risks taken lies with the readers. Wishing you success.
Trade active
Hello, I wanted to provide further clarification. While the reversal zone has been identified, it is important to note that selling pressure is currently high. Therefore, we must first observe an increase in buying power and a decrease in selling pressure. Only then can we consider entering a buy position. Additionally, for greater accuracy, the 4-hour and 1-hour timeframes can be used.Trade closed: target reached
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.