The daily closed in a bullish price action
1. inverted shooting star
2. closing in green with volume
3. doji at the bottom of the trend
4. closed above the leading diagonal trendline bottom.
We need to confirm this bull trend and confirm this is the bottom if today close in a recovery candle (green)
1. inverted shooting star
2. closing in green with volume
3. doji at the bottom of the trend
4. closed above the leading diagonal trendline bottom.
We need to confirm this bull trend and confirm this is the bottom if today close in a recovery candle (green)
Note
Lets bounce
Note
looking bad.
retesting resistance trendline
Note
case 1 - break above on the daily. this will be the bear trap.case 2 - 41500usd coming into play.
Note
Selling here and buy back when break above is recommendedNote
Note
We still bullish if we break 49400USD on daily.Note
Buying here and set SL at 45500USD is possible if you want to catch the bottom. Otherwise to be safe in USD and wait for confirmation.No margin position
Trade closed: stop reached
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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.