* Won't be entering this trade due to R&R - SL would need to be 60 pips which is too high *
Top Down Approach:
Identified the weekly resistance area which is @ 1.83844 - Blue
Identified daily key level l @ 1.80806 - Price has respected this are many times in the past
The market is showing strong bearish movement after respecting the daily level
Weekly shows 4 candles each smaller than the last as it broke the daily level mentioned above
^ this is good confirmation that bearish momentun is beginning
This set up is purely to look back on, no trade will be taken.
Top Down Approach:
Identified the weekly resistance area which is @ 1.83844 - Blue
Identified daily key level l @ 1.80806 - Price has respected this are many times in the past
The market is showing strong bearish movement after respecting the daily level
Weekly shows 4 candles each smaller than the last as it broke the daily level mentioned above
^ this is good confirmation that bearish momentun is beginning
This set up is purely to look back on, no trade will be taken.
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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.