Technical Analysis
Trend Direction from Daily Time Frame:
- We can see this in a ranging market.
- Price looks to have rejected a daily support/demand zone
Key Supply and Demand Zones from Daily Time Frame:
- We have a demand and supply zone according to the trending market's supply and resistance levels
Reversal Structure on 1 Hour Time Frame:
- We see a double bottom reversal pattern at the demand zone/supply level rejection
Reversal Spot
- We are looking for a break of an hourly demand zone to be eventually retested before we enter. We will use Fibonacci Retracement to be able to see potential retest levels.
Our sentiment is a buy
Trend Direction from Daily Time Frame:
- We can see this in a ranging market.
- Price looks to have rejected a daily support/demand zone
Key Supply and Demand Zones from Daily Time Frame:
- We have a demand and supply zone according to the trending market's supply and resistance levels
Reversal Structure on 1 Hour Time Frame:
- We see a double bottom reversal pattern at the demand zone/supply level rejection
Reversal Spot
- We are looking for a break of an hourly demand zone to be eventually retested before we enter. We will use Fibonacci Retracement to be able to see potential retest levels.
Our sentiment is a buy
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.