What can we see on Daily and 4H timeframe analysis:
1. Daily: Would love to see a complete correction at least at 50% fibo line which inline with the resistant area
2. 4H: Possibly an inverted HnS pattern would likely form and heading towards the resistant area
Idea for entry :
a. Go long at the breakout of the trendline or the neckline of HnS
b. Wait at the resistant area for short position
* its best to look for the price action at key area or major trendline before we take any position with proper Risk management RR and lot sizes. The chart is solely based on my observation from a technical perspectives. Any news or fundamental impacting the movement of market is beyond of my comprehension
* its best to look for the price action at key area or major trendline before we take any position with proper Risk management RR and lot sizes. The chart is solely based on my observation from a technical perspectives. Any news or fundamental impacting the movement of market is beyond of my comprehension
1. Daily: Would love to see a complete correction at least at 50% fibo line which inline with the resistant area
2. 4H: Possibly an inverted HnS pattern would likely form and heading towards the resistant area
Idea for entry :
a. Go long at the breakout of the trendline or the neckline of HnS
b. Wait at the resistant area for short position
* its best to look for the price action at key area or major trendline before we take any position with proper Risk management RR and lot sizes. The chart is solely based on my observation from a technical perspectives. Any news or fundamental impacting the movement of market is beyond of my comprehension
* its best to look for the price action at key area or major trendline before we take any position with proper Risk management RR and lot sizes. The chart is solely based on my observation from a technical perspectives. Any news or fundamental impacting the movement of market is beyond of my comprehension