Overall Trend of the pair is Bearish
Price is making LL and LH at the Daily timeframe.
The current price is bullish trying to get to the possible sell zones.
Right now!
We have two possible setups it depends on how the 4H candle closes.
For a Bullish run, we have
- Price is on top of the support
- Possible Inv. Head and Shoulder formation
For a Bearish Setup
- Price is rejecting higher zones
- Possible double top situation
The key part of this setup is waiting for the 4h candle to close
if it closes with a bullish candlestick we buy and if it goes with a bearish candlestick we sell
Price is making LL and LH at the Daily timeframe.
The current price is bullish trying to get to the possible sell zones.
Right now!
We have two possible setups it depends on how the 4H candle closes.
For a Bullish run, we have
- Price is on top of the support
- Possible Inv. Head and Shoulder formation
For a Bearish Setup
- Price is rejecting higher zones
- Possible double top situation
The key part of this setup is waiting for the 4h candle to close
if it closes with a bullish candlestick we buy and if it goes with a bearish candlestick we sell
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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.