Price has been on a bearish rally for the entire month of January. The 8th of Jan, we saw price experience its first retracement since the channel breakout and beginning of the decline in price. The first retracement completed the first lower high and second shoulder of the Head & Shoulder formation.
Price respected the rules of the Head & Shoulder formation and continued the decline even beyond the neckline without a single retracement.
Price is currently resting at the 0.66847 support zone, a bounce off the support zone is expected to complete a new lower high.
We'll wait for confirming candlestick formations or a possible consolidation above the support zone.
Price respected the rules of the Head & Shoulder formation and continued the decline even beyond the neckline without a single retracement.
Price is currently resting at the 0.66847 support zone, a bounce off the support zone is expected to complete a new lower high.
We'll wait for confirming candlestick formations or a possible consolidation above the support zone.
İşlem aktif
Market opened with a decent consolidation on the lower 15 min timeframe. I have placed a long order on this currency pair.
İşlem kapandı: hedefe ulaştı
Closing trade in profit.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.