On a higher TF the trend is bearish.
Price hit the 0.5 - 0.618 zone as retracement and continues to push downward.
Price hit the supply zone pushing further down.
Looking to open SHORT trades.
A break of structure already happened at 1706.240 on 1H tf.
As the next lower low is formed, mark that with fibs, as the price retrace upwards, open short at 0.718 - 0.886 zone.
On 1H, we mark 1724.832 as first point of fibs (1).
We wait for the lower low to be formed (2nd fib point - 0).
Open short at 0.718 - 0.886 zone.
Price hit the 0.5 - 0.618 zone as retracement and continues to push downward.
Price hit the supply zone pushing further down.
Looking to open SHORT trades.
A break of structure already happened at 1706.240 on 1H tf.
As the next lower low is formed, mark that with fibs, as the price retrace upwards, open short at 0.718 - 0.886 zone.
On 1H, we mark 1724.832 as first point of fibs (1).
We wait for the lower low to be formed (2nd fib point - 0).
Open short at 0.718 - 0.886 zone.
Note
my bad. was not able to update lower tf entries. hard to analyze so many assets :D its too much lol
the idea stays true still about our bias.
Note
will bounce at 1661
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.
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.