A lot of you guys a currently bullish, but i want to share another view
Possible short trade if we do have a confirmation on current 4 H candle (3 hours till close)
Grey resistance - Weekly
5 Waves formed = abc correction move
2 Lower highs + 2 lower lows still valid
Recent rejection on 1H and 4H structure
Just now i'm seeing a pin bar forming on 1 H, Will wait till 4H candle close
Good signal to sell - bearish engulfing
1 HOUR VIEW
Possible short trade if we do have a confirmation on current 4 H candle (3 hours till close)
Grey resistance - Weekly
5 Waves formed = abc correction move
2 Lower highs + 2 lower lows still valid
Recent rejection on 1H and 4H structure
Just now i'm seeing a pin bar forming on 1 H, Will wait till 4H candle close
Good signal to sell - bearish engulfing
1 HOUR VIEW
Note
Quick update on 4HStill waiting 2:30 till 4h candle close, if a nice beautiful bearish momentum - the short trade is valid
Trade active
Active trade, we have a bearish confirmation Stop loss: 1.13115 or 1.13279 (less risk)
take profits:
TP 1 : 1.12333
TP 2 : 1.11206
Analyzing...
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.
Analyzing...
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.