D1 chart
24/6/19 - Still Daily bearish outlook after newer low made.At Weekly it does look like a double bottom. H4 on uptrend currently nearing the previous support area now become resistance.
Setup: H4 BUY on retracement after breakout. RR 1:2 towards the nearest daily resistance.
Setup: H4 SELL R2 if price fail to break the resistance (double top, lower high price action etc)
H4 Chart
*Remark to observe:
Daily WILL turn bullish when price breaks the daily resistance.
H4 bullish trend turns bearish when price break previous H4 support.
Note
Price did not reach the identified zone area (to check if the zone marking). Price did retest S1 area and made a new S2.
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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.