As you can see, on the 1 hour chart, the trend has been very bullish lately. However, there has been a recent pullback. We are looking for a buy opportunity on the open next Monday, as a trend continuation trade.
My reasons to believe price will keep pushing upwards are the main confluences that hint toward this move.
- Fibonacci retracement 50.00%.
- Many buyers previously interested in this region.
- Support zone/bullish OB. (on the HTF)
- Lower bearish volume.
My reasons to believe price will keep pushing upwards are the main confluences that hint toward this move.
- Fibonacci retracement 50.00%.
- Many buyers previously interested in this region.
- Support zone/bullish OB. (on the HTF)
- Lower bearish volume.
Note
Unfortunately, price did not conform and follow through.
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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.