📈 Uptrend Continuation:
The market has been following the trendline in an uptrend. However, it broke the trendline at the level of 3406. If the price retests this level again, it could offer an entry point to sell if a reversal is seen after the retest.
🔻 Alternative Scenario (H4 FVG):
Alternatively, the market could drop further to the H4 FVG around 3345. If the price reaches this level and shows signs of rejection, this could be an entry point to buy, expecting the market to rise again.
The market has been following the trendline in an uptrend. However, it broke the trendline at the level of 3406. If the price retests this level again, it could offer an entry point to sell if a reversal is seen after the retest.
🔻 Alternative Scenario (H4 FVG):
Alternatively, the market could drop further to the H4 FVG around 3345. If the price reaches this level and shows signs of rejection, this could be an entry point to buy, expecting the market to rise again.
Trade active
Market is 🚨 Market Update:The market has now approached the trendline again at 3406. This could be a good opportunity for a potential buy entry, as the market has reached a key level where we could expect a bounce upwards.
🔑 Current Scenario:
The price is nearing the trendline, and we anticipate a potential upward movement from here. This aligns with the idea of a trendline retest, where the market may move higher.
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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.