On the Daily, we see price has tested the Supply Zone a few times. To end last week, we see another rejection off the 0.97867 area.
The 4H looks to have formed a HL, as price has pulled back to the 38.2 PRZ (confirmation #1). We see a Morning Star pattern (confirmation #2) as well off of the 38.2. As of right now I would like to see another BULLISH signal, and perhaps closure above the 0.97196 zone before dropping down a time frame to look for LONG opportunities
Target: 0.97867 (LONG Position) ; 0.96045 (SHORT Position)
In order to consider SHORTs, I would like to see a clean break and re-test of that 38.2 PRZ with strong BEARISH confirmations.
The 4H looks to have formed a HL, as price has pulled back to the 38.2 PRZ (confirmation #1). We see a Morning Star pattern (confirmation #2) as well off of the 38.2. As of right now I would like to see another BULLISH signal, and perhaps closure above the 0.97196 zone before dropping down a time frame to look for LONG opportunities
Target: 0.97867 (LONG Position) ; 0.96045 (SHORT Position)
In order to consider SHORTs, I would like to see a clean break and re-test of that 38.2 PRZ with strong BEARISH confirmations.
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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.