Hello everyone!
The longer-term bullish channel is broken. the shorter-term bearish channel is formed. And we know that it is not so strong, simply because she is thin. (in my personal life I don't have 17th century beliefs that being fat means being healthy but for channels it is the working rule) ;-).
Two important zones have been detected by us and according to them, other important zones projected!
Confirmation of the break would happen in 4h timeframe and the SL is 1.6 of ATR14 over/below the level.
TPs are clear in the chart.
Best Regards, Ali
The longer-term bullish channel is broken. the shorter-term bearish channel is formed. And we know that it is not so strong, simply because she is thin. (in my personal life I don't have 17th century beliefs that being fat means being healthy but for channels it is the working rule) ;-).
Two important zones have been detected by us and according to them, other important zones projected!
Confirmation of the break would happen in 4h timeframe and the SL is 1.6 of ATR14 over/below the level.
TPs are clear in the chart.
Best Regards, Ali
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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.