BLURUSD Daily S/R| POC| Range Low| Price Action
Evening Traders,
Today’s analysis, BLURUSDT, trading towards its range low, holding and consolidating will be a bullish sign,
Points to consider,
- Price Actin Corrective
- Daily S/R Support
- POC S/R Support
- PA Rotation
BLURUSD’s immediate price action is corrective and is at an area that has technical confluence with the .618 Fibaoncci, POC and Daily S/R, allowing for a bullish bias.
Consolidating and creating a bottoming structure will be a sign of strength, this has yet to be produced.
Overall, in my opinion, BLURUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager
Today’s analysis, BLURUSDT, trading towards its range low, holding and consolidating will be a bullish sign,
Points to consider,
- Price Actin Corrective
- Daily S/R Support
- POC S/R Support
- PA Rotation
BLURUSD’s immediate price action is corrective and is at an area that has technical confluence with the .618 Fibaoncci, POC and Daily S/R, allowing for a bullish bias.
Consolidating and creating a bottoming structure will be a sign of strength, this has yet to be produced.
Overall, in my opinion, BLURUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“Dangers of watching every tick are twofold: overtrading and increased chances of prematurely liquidating good positions” – Jack Schwager
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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.
Join for free daily report cards - bitcoininsider.world/
Follow me on Twitter! twitter.com/pinkdawn__
Follow me on Twitter! twitter.com/pinkdawn__
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.