Weekly:
Price is at major resistance area at 0.76000. The candle did not close bullish above last weeks candle followed by the bearish shooting star. Finding a nice short would be a good idea before its continuation up.
4 Hour:
Price is in a nice upward channel. I see a possible Head & Shoulders pattern forming. The right shoulder can possibly form in the price area of 0.76000 - 0.76500. Break of the neckline is a good area to enter for short. Next area to look at to long would be 0.72500 - 0.72800
Wishing everyone a good trading week!
Price is at major resistance area at 0.76000. The candle did not close bullish above last weeks candle followed by the bearish shooting star. Finding a nice short would be a good idea before its continuation up.
4 Hour:
Price is in a nice upward channel. I see a possible Head & Shoulders pattern forming. The right shoulder can possibly form in the price area of 0.76000 - 0.76500. Break of the neckline is a good area to enter for short. Next area to look at to long would be 0.72500 - 0.72800
Wishing everyone a good trading week!
Note
<deleted>Note
Note
More up movement possibly.
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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.