Weekly;
Daily;
4 hour;
- Price has closed with a very bearish candlestick
- The next liquidity zone is 38750
- I expect price to head there, but there has to be some orders collected before price goes to the designated region
Daily;
- Price has closed below a daily region and retested it on Friday
- Price is heading towards 38750 but orders have to be collected first in the new weekly cycle
4 hour;
- I believe that price will collect orders at the previous region and then sell off.
- Waiting for sell confirmation
Trade active
I have entered the trade. This is due to a sell signal formed in FX broker. Showing a 4 hour break and retest with a double top candlestick formation.My main target is 38795. However, I am closely monitoring the trade for any new changes.
Trade closed: stop reached
It is what it is
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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.