Currently below daily pivot
Price is currently at 76.4% Fibonacci retracement area (Filtered to 1H timeframe)
in a relation to 1D Chart
In case if the next bar will be closed above the level and above 50% of the previous bar, I will enter a long trade using a limit order or market (depends on situation)
Currently I would not recommend to place new trades, as no clear signs appeared on the chart yet
If you have opened positions in a current direction, then you can leave it open for now
I would recommend to leave Breakeven stop loss.
"This is a short term analysis based on a 1H chart, I’m trying to post it after I see something interesting, or when I want to review the situation, I’m doing it for my own trading, and I have decided to USE TV as my main analysis platform, as I’m able to access it anywhere. Any questions are welcome. Your Likes are much appreciated."
Price is currently at 76.4% Fibonacci retracement area (Filtered to 1H timeframe)
in a relation to 1D Chart
In case if the next bar will be closed above the level and above 50% of the previous bar, I will enter a long trade using a limit order or market (depends on situation)
Currently I would not recommend to place new trades, as no clear signs appeared on the chart yet
If you have opened positions in a current direction, then you can leave it open for now
I would recommend to leave Breakeven stop loss.
"This is a short term analysis based on a 1H chart, I’m trying to post it after I see something interesting, or when I want to review the situation, I’m doing it for my own trading, and I have decided to USE TV as my main analysis platform, as I’m able to access it anywhere. Any questions are welcome. Your Likes are much appreciated."