This trade analysis is part of my diary. Please let me know if it was helful but also your suggestion for improvements
Daily
4H Chart
1H Chart:
Daily
- Pivot points: Price is below Monthly and Weekly central
Support/Resistance:price sitting at support,resistance is above at around 114.350
EMA: Price below 21, 55 EMA 200 bearish
Trend: Down
Structure: LL,LH,LL,LH waiting for HL and HH
Bias: Bullish
Psychological levels: 112 just below current price
Stochastic:Rising around 50
Fib: Price at 618 fib retracement
4H Chart
- Daily Pivot: Price at DS2
Support/Resistance: Nearest resistance is 114.5, Prise is sitting at support
EMA:Price Retested 55 EMA after riding 21. This suggest corrections more towards 200 EMA and that would be 21 EMA on Daily
Trend: Down
Structure: LL,LH,LL,LH, this might be HL so HH is expected
Stoch: Oversold below 20
1H Chart:
- Suport/Resistance: Price at support and near resistance on 1h is 112.8 - 113
Stoch: Rising from below 20 oversold levels
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.
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.