Hello everybody,I want to share this with you!
-On 4 hour time frame we can see that price is still rejecting in resistance zone(blue tone) and on lower time frame such as 1 hour we can see even more rejectins.
-We can see lot of rejections in that resistance are so I consider that as strong resistance zone.
-I expect after this retests bearish movement,for selling opportunity this is good risk reward trade...But that is just my opinion.
-If price continue to push in bullish direction we may expect few more retests or breakout,so we will see what is going to happen.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support,i will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.The information given is not a Financial
-On 4 hour time frame we can see that price is still rejecting in resistance zone(blue tone) and on lower time frame such as 1 hour we can see even more rejectins.
-We can see lot of rejections in that resistance are so I consider that as strong resistance zone.
-I expect after this retests bearish movement,for selling opportunity this is good risk reward trade...But that is just my opinion.
-If price continue to push in bullish direction we may expect few more retests or breakout,so we will see what is going to happen.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support,i will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.The information given is not a Financial
Note
The price started moving with strong bullish candle!
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.