rough weeks, lots of bad news and turbulences, deadly shadows
i actually didn't expect the price to go easily past 1920 , but Mr. president of Russia made it possible. :(
anyways chart is exhibited in 3H interval but actually the analysis is based on long term and considering 1Month, 1W and daily time-frames. and if we watch the chart in daily time-frame, we see there's no daily breakout above 1907-1908 and just massive wicks.
we sell here (1907-1913) if it gives us opportunity . if didn't rise and just fell down we should pick another entry point
*cant set a stop-loss level since the shadows would act surprisingly but for me its 2 candle close above 1922 (as failure point of whole analysis).
*tp would be 1830~1850
last but not least, trade with extreme caution these days. sometimes no acting is the best acting. your capital can turn to smoke in one bad trade aligned with a bad speech of a character ;)
anyways chart is exhibited in 3H interval but actually the analysis is based on long term and considering 1Month, 1W and daily time-frames. and if we watch the chart in daily time-frame, we see there's no daily breakout above 1907-1908 and just massive wicks.
we sell here (1907-1913) if it gives us opportunity . if didn't rise and just fell down we should pick another entry point
*cant set a stop-loss level since the shadows would act surprisingly but for me its 2 candle close above 1922 (as failure point of whole analysis).
*tp would be 1830~1850
last but not least, trade with extreme caution these days. sometimes no acting is the best acting. your capital can turn to smoke in one bad trade aligned with a bad speech of a character ;)
Related publications
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.