https://uk.tradingview.com/chart/ticRKz5f/
Hi guys, just sharing my analysis. Feel free to comment so I can learn too :)
On the daily time frame, price creates a bigger down side channel. Price is currently at the top of the channel.
At the current swing, prices created an upward channel but the channel was broken, as well as a break and close below the higher low. Therefore the market structure signaled me for a short opportunity.
At the lower Time frame, price is probably retracing to retest the previous higher low.
Entry: 0.90847
TP: Bottom of the channel (Approxi ~0.82656)
SL: 0.93260
Hi guys, just sharing my analysis. Feel free to comment so I can learn too :)
On the daily time frame, price creates a bigger down side channel. Price is currently at the top of the channel.
At the current swing, prices created an upward channel but the channel was broken, as well as a break and close below the higher low. Therefore the market structure signaled me for a short opportunity.
At the lower Time frame, price is probably retracing to retest the previous higher low.
Entry: 0.90847
TP: Bottom of the channel (Approxi ~0.82656)
SL: 0.93260
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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.