What can we see Weekly, Daily and 4H timeframe analysis:
1. Weekly: long wick rejection from the key support area
2. Daily: 'W' or Double bottom formation heading towards the neckline
3. 4H: Break of the resistant trendline and heading towards minor resistant highlighted in blue
Ideas for entry:
1. Possible long entry at the break of the minor resistant area highlighted in blue OR;
2. Waiting for a correction happen at 4H timeframe, hopefully the correction align with 50MA
* 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. Weekly: long wick rejection from the key support area
2. Daily: 'W' or Double bottom formation heading towards the neckline
3. 4H: Break of the resistant trendline and heading towards minor resistant highlighted in blue
Ideas for entry:
1. Possible long entry at the break of the minor resistant area highlighted in blue OR;
2. Waiting for a correction happen at 4H timeframe, hopefully the correction align with 50MA
* 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