Pair of Name :
EURUSD
( Euro / U.S. Dollar )
[ Time Frame : 4H
[ Direction : Short
[ Type : Mid Swing
___________
Description
I am expecting price to go down to fill out the imbalances.
That the price made on its way up to recover some of the other imbalances. But there is a chance that this resistance level. Is turning into a support area for price but there's also chances that price can go up. As you can see, there has been formed a volume pattern. This is a clear indication. That this resistance area is turning into a support area. But only if price goes above the trend line i will make a update on it
[ Time Frame : 4H
[ Direction : Short
[ Type : Mid Swing
___________
Description
I am expecting price to go down to fill out the imbalances.
That the price made on its way up to recover some of the other imbalances. But there is a chance that this resistance level. Is turning into a support area for price but there's also chances that price can go up. As you can see, there has been formed a volume pattern. This is a clear indication. That this resistance area is turning into a support area. But only if price goes above the trend line i will make a update on it
Bình luận:
The HCOB Germany Manufacturing PMI is compiled by S&P Global from responses to monthly questionnaires sent to purchasing managers in a panel of around 420 manufacturers. The headline figure is the Purchasing Managers’ Index (PMI), which is a weighted average of the following five indices: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%) and Stocks of Purchases (10%). For the PMI calculation the Suppliers’ Delivery Times Index is inverted so that it moves in a comparable direction to the other indices. The index varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease.
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Regarding the economic situation, German Economy Minister Robert Habeck added, “Looking ahead, however, we see clear signs that the trend can improve again,” at a news conference presenting the annual economic report.