As for weekly chart I continue to follow rising green triangle wave (TW), which is hardly might be traded as it in reverse to falling TW of higher level.
On daily chart we preliminary supposed that green 2.1 marker is in place, yet, another low is still possible which just shifts this 2.1 marker right-way and we'll continue to look long positions.
H4 chart still inforces us to stay bearish untill red 2.1 marker is reached. Thus, we should build net position at this level as sell.
Falling blue TW at H2 just offers where blue 2.1 marker is placed. Any new maximum shifts this marker to new high.
H1 chart says that grey low marker of rising grey TW was broken and falling grey TW starts. To get more confident for that scenario price needs to fall to 1.1320.
From Monday morning a very promising sell stop setup maight be accomplished to trade falling green TW.
Along with that falling brown TW is also get available to sell.
On daily chart we preliminary supposed that green 2.1 marker is in place, yet, another low is still possible which just shifts this 2.1 marker right-way and we'll continue to look long positions.
H4 chart still inforces us to stay bearish untill red 2.1 marker is reached. Thus, we should build net position at this level as sell.
Falling blue TW at H2 just offers where blue 2.1 marker is placed. Any new maximum shifts this marker to new high.
H1 chart says that grey low marker of rising grey TW was broken and falling grey TW starts. To get more confident for that scenario price needs to fall to 1.1320.
From Monday morning a very promising sell stop setup maight be accomplished to trade falling green TW.
Along with that falling brown TW is also get available to sell.
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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.