H4 time frame.
Structure: Uptrend.
The price broke the 60000 support area and made a new low forming a downtrend.
Currently, the price has not plummeted out of this zone and is still showing signs of retesting the new resistance level of 60000.
Wait for the price to retest at 61000 - the confluence of resistance and downtrend line, then you can find selling opportunities.
Profit target is the price range 54000 - 53500.
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Wish you all have a good trading day!
Structure: Uptrend.
The price broke the 60000 support area and made a new low forming a downtrend.
Currently, the price has not plummeted out of this zone and is still showing signs of retesting the new resistance level of 60000.
Wait for the price to retest at 61000 - the confluence of resistance and downtrend line, then you can find selling opportunities.
Profit target is the price range 54000 - 53500.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!
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Disclaimer
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Discord : discord.gg/5HTtehrJVK
Website: tradafx.net/
Youtube: youtube.com/c/TradaFXForexTrading
❤
Facebook: facebook.com/tradafx
Instagram: instagram.com/tradafx1/
Twitter: twitter.com/Tradafx1
Website: tradafx.net/
Youtube: youtube.com/c/TradaFXForexTrading
❤
Facebook: facebook.com/tradafx
Instagram: instagram.com/tradafx1/
Twitter: twitter.com/Tradafx1
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.