🔹In weekly timeframe we observe the pin bar on the resistance level that show the power of the sellers.
🔹also if we analysis the price waves or legs we'd notice that the bullish legs became weaker and smaller and the bearish legs became stronger and bigger. It's show the power of the sellers too.
🔸 Anyway, for got entry trigger we need the trendline to break with a daily or weekly time frame candle.
🔺Targets can be the support levels on the chart (1.23629 - 1.21064 - 1.19348) and stoploss can be above the break candle or the last price high in daily or weekly timeframe.
P.S : I suggest use this analysis for detecting trend direction and open position whit your personal strategy.
It's just my personal analysis and I have no responsibility for your trades. thanks for your attention.
🔹also if we analysis the price waves or legs we'd notice that the bullish legs became weaker and smaller and the bearish legs became stronger and bigger. It's show the power of the sellers too.
🔸 Anyway, for got entry trigger we need the trendline to break with a daily or weekly time frame candle.
🔺Targets can be the support levels on the chart (1.23629 - 1.21064 - 1.19348) and stoploss can be above the break candle or the last price high in daily or weekly timeframe.
P.S : I suggest use this analysis for detecting trend direction and open position whit your personal strategy.
It's just my personal analysis and I have no responsibility for your trades. thanks for your attention.
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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.