H4 time frame.
Structure: Strong downtrend.
Currently, the price has an upward move towards the 0.67000 resistance zone.
This is the confluence between the resistance, the trendline, and the 50% Fibonacci zone of the current downtrend.
Waiting for a bearish reversal pattern to form here, a buying opportunity can be found.
Profit target is 0.63000 price zone.
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Wish you all have a good trading day!
Structure: Strong downtrend.
Currently, the price has an upward move towards the 0.67000 resistance zone.
This is the confluence between the resistance, the trendline, and the 50% Fibonacci zone of the current downtrend.
Waiting for a bearish reversal pattern to form here, a buying opportunity can be found.
Profit target is 0.63000 price zone.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Discord : discord.gg/5HTtehrJVK
Website: tradafx.net/
Youtube: youtube.com/c/TradaFXForexTrading
❤
Facebook: facebook.com/tradafx
Instagram: instagram.com/tradafx1/
Twitter: twitter.com/Tradafx1
Website: tradafx.net/
Youtube: youtube.com/c/TradaFXForexTrading
❤
Facebook: facebook.com/tradafx
Instagram: instagram.com/tradafx1/
Twitter: twitter.com/Tradafx1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.