hey guys,
I will try to explain to you how we can use a combination of multiple timeframes and patterns
to confirm a breakout.
on the euro dollar on a 4 h chart we have a completion and bearish violation of a bearish flag pattern.
We have a series of rejection candles around 1.142 level and clear rsi divergence.
on a lower time frame we see a head and shoulders pattern standing on a very important level of support.
just recently, we saw a bearish breakout of a neckline.
from this stand point, we can consider a bearish breakout of a flag pattern to be confirmed.
now I anticipate a retest of the market low,
let's see how the market will react on 1.126 level.
Good luck!
Yorum:
market goes lower
Yorum:
market is going down
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel www.youtube.com/c/VasilyTrader
💰Instagram: www.instagram.com/VasilyTrader/ 💰
✅Facebook: www.facebook.com/VasilyTrading/ ✅
❗️YouTube Channel www.youtube.com/c/VasilyTrader
💰Instagram: www.instagram.com/VasilyTrader/ 💰
✅Facebook: www.facebook.com/VasilyTrading/ ✅