Weekly / Daily - We are currently at a crucial spot, golden fib area and third touch of the trend line for a possible new downtrend continuation on the long term perspective.
4H - Interesting spot to take a short: resistance level of a possible head and shoulder pattern or break and retest of 0.70800 (important psychological key level), or both (as shown in the picture). Price also retested the trend line a second time making the first lower high last Friday. (Indication of a reversal of the 4H short term previous uptrend)
1H / 15-30 Min - Look out for price action signals when price is at those key levels mentioned on the 4H (e.g. engulfing candles, rejection wicks, evening star etc..)
4H - Interesting spot to take a short: resistance level of a possible head and shoulder pattern or break and retest of 0.70800 (important psychological key level), or both (as shown in the picture). Price also retested the trend line a second time making the first lower high last Friday. (Indication of a reversal of the 4H short term previous uptrend)
1H / 15-30 Min - Look out for price action signals when price is at those key levels mentioned on the 4H (e.g. engulfing candles, rejection wicks, evening star etc..)
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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.