Weekly: Up channel but rejected on the top
Daily: Supported at D key zone
4H: Break below 4H key zone
Trade Idea: Short since 4H & D timeframes confirm the downtrend. Short if the price:
1. Retrace back to at least 50% fibonacci level (Premium Discount)
2. 4H key zone will act as resistance this time
3. Around 4H key zone, there is a supply level
Daily: Supported at D key zone
4H: Break below 4H key zone
Trade Idea: Short since 4H & D timeframes confirm the downtrend. Short if the price:
1. Retrace back to at least 50% fibonacci level (Premium Discount)
2. 4H key zone will act as resistance this time
3. Around 4H key zone, there is a supply level
Note
Note
As expected :)
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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.