Continuation of the bearish market
My analysis from last week was correct. We had a smooth downtrend, which was confirmed by the BB%. The market broke the trend channel on friday.
For the upcomming week I do see following development. A pullback to 1.12480 ( a 0.382 retracement of the new wave). Following new down movement to 1.11121.
Indicator BB% shows me that on the 4H timeframe the market is oversold. Thus I expect pullback. However the BBW shows me expanding BB. Thus I expect continuation of the downtrend.
What do you think? Do you follow my idea?
For the upcomming week I do see following development. A pullback to 1.12480 ( a 0.382 retracement of the new wave). Following new down movement to 1.11121.
Indicator BB% shows me that on the 4H timeframe the market is oversold. Thus I expect pullback. However the BBW shows me expanding BB. Thus I expect continuation of the downtrend.
What do you think? Do you follow my idea?
Transaction en cours
The pullback did not happen. Nevertheless my position from last week goes further into profit.Trade fermée manuellement
Expecting some price increase to 1.12120. I take profit and looking for new short entry.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.