- Could have buys opportunities at .047-.048 at signs of supply calming down reaching the area, since it has been a zone of stop in action many times in the past. A break under .050 would be even more signs in fact moving toward it.
-Break back upside .053 on maintained Signs of strength would be also a good possibility to takes buys, and aim then at .054, and 0.060 on even more SOS
Idea would be updated as price reacts doing one of both.
Monthly
Monthly
Last month close was so heavy on supply & ended with a bearish engulfing, wicking the 0.476 area but without any supply absorption on there. Which means the buying interest is barely present.
Weekly
Daily
-Break back upside .053 on maintained Signs of strength would be also a good possibility to takes buys, and aim then at .054, and 0.060 on even more SOS
Idea would be updated as price reacts doing one of both.
Monthly
Monthly
Last month close was so heavy on supply & ended with a bearish engulfing, wicking the 0.476 area but without any supply absorption on there. Which means the buying interest is barely present.
Weekly
Daily
Trade closed: target reached
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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.