H4 time frame.
Structure: Uptrend.
The upside momentum is waning as the price approaches the critical resistance at 50000.
In the bullish case, a clear move, as well as important confirmation, is needed to avoid a false breakout as the current bullish momentum is very weak.
There is a high probability that the price will continue to move the Sideway between 46000 and 49000.
Here wait for the sell signals down to the 46000 support until there is a clear breakout and confirmation.
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Wish you all have a good trading day!
Structure: Uptrend.
The upside momentum is waning as the price approaches the critical resistance at 50000.
In the bullish case, a clear move, as well as important confirmation, is needed to avoid a false breakout as the current bullish momentum is very weak.
There is a high probability that the price will continue to move the Sideway between 46000 and 49000.
Here wait for the sell signals down to the 46000 support until there is a clear breakout and confirmation.
-----------------------------------------------------------------------------------------------
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.