Hello friends
After the price reaches strong resistance, I expect the price to go back up after a pullback (to correct the weekly downtrend).
However, in my opinion, the main price trend, in the monthly time frame, is still bearish
Given the following, I expect an uptrend for the week:
Weekly time frame:
- Pin bar candle and then relatively strong bullish candle
- Stoch RSI close to zero
- RSI close to 30
- MACD tends to rise
Daily time frame:
- Higher low formation
- Convergence in RSI and Stoch RSI
- MACD bullish
But considering the review in the 4H and lower time frames, I expect a decline at the beginning of the week
And I have charted my opinion of the trend that the price will continue
My goals are shown as a colored area
But in any case, I will wait for confirmation to enter the transaction
be profitable
Thank you for expressing your opinion and supporting me with likes and comments
After the price reaches strong resistance, I expect the price to go back up after a pullback (to correct the weekly downtrend).
However, in my opinion, the main price trend, in the monthly time frame, is still bearish
Given the following, I expect an uptrend for the week:
Weekly time frame:
- Pin bar candle and then relatively strong bullish candle
- Stoch RSI close to zero
- RSI close to 30
- MACD tends to rise
Daily time frame:
- Higher low formation
- Convergence in RSI and Stoch RSI
- MACD bullish
But considering the review in the 4H and lower time frames, I expect a decline at the beginning of the week
And I have charted my opinion of the trend that the price will continue
My goals are shown as a colored area
But in any case, I will wait for confirmation to enter the transaction
be profitable
Thank you for expressing your opinion and supporting me with likes and comments
Transaction en cours
Transaction en cours:
The first target was touched
be profitable
be profitable
