Good morning ladies and gentlemen and whoever doesn't fit into two genders anymore.
Currently USD/CZK is showing potential downtrend. I've identified this by checking the W and D chart.
W chart shows a sideways momentum whereas the D chart shows a distinctive downtrend. I have also seen a double top form which could be beneficial for the analysis.
If price breaks 1st support line, then I will enter a trade on the 2nd support line.
S/L: 25.08413
Entry (sell): 24.89251
T/P: 23.66749
Hope people find this beneficial and please give me some feedback or anything that will benefit the analysis.
Anyways, take care and trade safely and risk free (Y) :)
Currently USD/CZK is showing potential downtrend. I've identified this by checking the W and D chart.
W chart shows a sideways momentum whereas the D chart shows a distinctive downtrend. I have also seen a double top form which could be beneficial for the analysis.
If price breaks 1st support line, then I will enter a trade on the 2nd support line.
S/L: 25.08413
Entry (sell): 24.89251
T/P: 23.66749
Hope people find this beneficial and please give me some feedback or anything that will benefit the analysis.
Anyways, take care and trade safely and risk free (Y) :)
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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.