Last week's analysis saw a perfect entry with our trade running right into profits.
Looking at weekly time frame we can see price broke support to create equal lows before its retracement back. Inline with our counter trend trade back to resistance.
As said in last week's analysis we had a supply zone to watch out for which price has reacted to. We can now watch trend line and support for continuation.
In line with the next retracement level after the break of structure.
These areas Fibonacci support and trend line are going to be a very important watch this week. As the equal lows have provided a point for a liquidity to be sweep. Also there's also a ascending triangle to watch for a break out.
Looking at weekly time frame we can see price broke support to create equal lows before its retracement back. Inline with our counter trend trade back to resistance.
As said in last week's analysis we had a supply zone to watch out for which price has reacted to. We can now watch trend line and support for continuation.
In line with the next retracement level after the break of structure.
These areas Fibonacci support and trend line are going to be a very important watch this week. As the equal lows have provided a point for a liquidity to be sweep. Also there's also a ascending triangle to watch for a break out.
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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.