I see CJ possibly heading down towards the next support, because of:
- price testing a recent support a second time, lower high formed, buyers might be running out of steam
- clear LL / LH on H4
- RSI divergence on H1
- in-line with the weekly downtrend but the daily downtrend was broken - i.e.there is a good chance we will mid-term move up to test the weekly trend-line -> very small lot with a tight stop
Entry after the break of the H4 trend-line, SL above the previous H4 high
- price testing a recent support a second time, lower high formed, buyers might be running out of steam
- clear LL / LH on H4
- RSI divergence on H1
- in-line with the weekly downtrend but the daily downtrend was broken - i.e.there is a good chance we will mid-term move up to test the weekly trend-line -> very small lot with a tight stop
Entry after the break of the H4 trend-line, SL above the previous H4 high
Order cancelled
Broke the trendline but over the zone, no trade.
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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.