On 1D, there is no clear trend. Price may continue down since we have a LL and LH. But we have three EMA’s as barriers to moving down. We have no see what price does.
On the 4H, we have a good bullish move. We are also above all EMA’s which is good. Price seems to be moving up from here.
On the 1H, we have a triangle squeeze, which price will break soon. This can decide where the market will go. Price is between EMA’s which is not a good sign. We cannot say where price will go. We must wait for a break of structure and then decide.
On the 4H, we have a good bullish move. We are also above all EMA’s which is good. Price seems to be moving up from here.
On the 1H, we have a triangle squeeze, which price will break soon. This can decide where the market will go. Price is between EMA’s which is not a good sign. We cannot say where price will go. We must wait for a break of structure and then decide.
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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.