Continue on the down side
https://uk.tradingview.com/chart/ticRKz5f/
Market structure is in the downtrend and broke below the significant level of 0.89913.
Price went on a corrective movement at 0.89222 as it did not create a lower low.
Price retraces and retest Fibonacci level of 0.618 (which is also the significant level of 0.89913) and did not break above that level, where it created both a downtrend flag pattern and a double top.
Price was at the peak of a small channel and is moving downwards.
2 possible entries:
1. Price breaks and close of the double top neckline.
2. Price breaks and close below the upward channel / flag to signifies change of current swing to the downside.
Short term TP: around 0.88809
Short term SL: above 0.89173
Please feel free to leave any comments so I can sharpen my analysis :) Cheers!
Market structure is in the downtrend and broke below the significant level of 0.89913.
Price went on a corrective movement at 0.89222 as it did not create a lower low.
Price retraces and retest Fibonacci level of 0.618 (which is also the significant level of 0.89913) and did not break above that level, where it created both a downtrend flag pattern and a double top.
Price was at the peak of a small channel and is moving downwards.
2 possible entries:
1. Price breaks and close of the double top neckline.
2. Price breaks and close below the upward channel / flag to signifies change of current swing to the downside.
Short term TP: around 0.88809
Short term SL: above 0.89173
Please feel free to leave any comments so I can sharpen my analysis :) Cheers!
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.