Hello
I hope you have used and benefited from the previous analysis.
The price has now met the resistance of 1796 and we expect it to be directed to the level of 1784 after being rejected.
I hope you have used and benefited from the previous analysis.
The price has now met the resistance of 1796 and we expect it to be directed to the level of 1784 after being rejected.
Note
In the 5m time frame, we have a beautiful descending parallel channel. As long as the price is in this channel, it will be a gentle downward trend. If it breaks from the bottom, the downward trend will accelerate. But if it is broken from above, the price will quickly move towards 1798 and we should close our sell positions and wait for a better opportunity to sell.
Everything is fine now. :)
Trade closed: target reached
TP hit! +130 pips! Enjoy guys
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.
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.