In the 4 hour time frame, you would be able to see price is consolidating near key level.
Supported by the previous days of reversing and failing to break further below after the break of 1485~
In the 30 mins time frame you would be able to see price is hovering near the previous high.
Stop loss near at below the 200 EMA @ 4 hour time fram and below the previous low.
Supported by the previous days of reversing and failing to break further below after the break of 1485~
In the 30 mins time frame you would be able to see price is hovering near the previous high.
Stop loss near at below the 200 EMA @ 4 hour time fram and below the previous low.
Note
stopped out. will be looking at shortposition if 1490 support is brokenTrade closed: stop reached
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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.