PA showing srong buy pressure, even tho fundamentels are telling different
on the 4h there is a double bottom + a morning start formation
on the 1h there is an inverse head and shoulder+ break/retest of the tl.
also its at the strong support of 50 which it is having difficulty to break
SL 49.7 and put it on low risk as we go against fundamentals
TP will be looking for the previous high
on the 4h there is a double bottom + a morning start formation
on the 1h there is an inverse head and shoulder+ break/retest of the tl.
also its at the strong support of 50 which it is having difficulty to break
SL 49.7 and put it on low risk as we go against fundamentals
TP will be looking for the previous high
Note
sl can be put at break even for risk free trade
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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.