See the big 4-hour candle rejecting the trendline from below? I've marked it with an arrow.
That would have attracted a number of sellers, and price even drifted a little lower before sharply reversing over today's Asian session.
I think we're going to see a move that takes out the weeks' highs. A stop-hunt if you like. Price doesn't have to get all the way to 125.00 to do it, 124.90 will do the trick.
Trade idea: Wait for price to take out the recent highs and then show signs of weakness. A big bearish candle on the 1-hour or 4-hour should do the trick. First target around 124.15
That would have attracted a number of sellers, and price even drifted a little lower before sharply reversing over today's Asian session.
I think we're going to see a move that takes out the weeks' highs. A stop-hunt if you like. Price doesn't have to get all the way to 125.00 to do it, 124.90 will do the trick.
Trade idea: Wait for price to take out the recent highs and then show signs of weakness. A big bearish candle on the 1-hour or 4-hour should do the trick. First target around 124.15
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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.
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.