From the perspective of Weekly Timeframe, the price is located between the two blue zones
From the perspective of the Daily Timeframe, the price is in a downward trend, and is approaching the trendline of the Daily and Round Number.
From the 4h perspective, the price is aggressively heading towards our buying area. We have 3 confluences to buy in this area Round Number, Demand, Daily Trendline,
We will look for entries in smaller timeframes for a better Risk Reward Ratio!
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.
From the perspective of Weekly Timeframe, the price is located between the two blue zones
From the perspective of the Daily Timeframe, the price is in a downward trend, and is approaching the trendline of the Daily and Round Number.
From the 4h perspective, the price is aggressively heading towards our buying area. We have 3 confluences to buy in this area Round Number, Demand, Daily Trendline,
We will look for entries in smaller timeframes for a better Risk Reward Ratio!