Hello Traders,
Welcome to the new trading week.
The daily timeframe remains in a strong bullish trend; however, recent price action shows a break in alignment on the 4-hour chart. After sweeping a weak daily higher high, the 4-hour structure has shifted bearish, indicating a potential retracement or deeper correction. This internal shift suggests that price may now be heading toward the last weak low as liquidity and structural targets align. Caution is advised until the 4-hour and daily biases realign.
Welcome to the new trading week.
The daily timeframe remains in a strong bullish trend; however, recent price action shows a break in alignment on the 4-hour chart. After sweeping a weak daily higher high, the 4-hour structure has shifted bearish, indicating a potential retracement or deeper correction. This internal shift suggests that price may now be heading toward the last weak low as liquidity and structural targets align. Caution is advised until the 4-hour and daily biases realign.
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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.