Morning everybody,
So yeterday we said that now it's time to search setups for short entry. Yesterday market has climbed a bit higher and now it is easy to identify H&S shape here.
It means that 3900 area - right arm top again will become the key. Upside breakout will mean H&S failure and upside continuation.
Downside turn around 3900 suggests validity of bearish sentiment and downside continuation. So, this is the level where as bulls as bears will make a decision on position taking.
We need just wait a bit, when market will be there.
So yeterday we said that now it's time to search setups for short entry. Yesterday market has climbed a bit higher and now it is easy to identify H&S shape here.
It means that 3900 area - right arm top again will become the key. Upside breakout will mean H&S failure and upside continuation.
Downside turn around 3900 suggests validity of bearish sentiment and downside continuation. So, this is the level where as bulls as bears will make a decision on position taking.
We need just wait a bit, when market will be there.
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
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.
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
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.