Contracting triangle broken and now the price is following pattern projection (green) on D1 chart (see link below)
On H4 chart, a new channel has formed and a bullish 3D pattern emerges. Bear divergence is present, so it coul be a good idea to trade:
1) Short, targeting 61.8 - 78.6 fibo retracements and after that,
2) Long, targeting 127.2 - 161.8 fibo retracements
As a recommendation, wait for reversal bar pattern inside PRZ box (use H1 chart if necessary)
On H4 chart, a new channel has formed and a bullish 3D pattern emerges. Bear divergence is present, so it coul be a good idea to trade:
1) Short, targeting 61.8 - 78.6 fibo retracements and after that,
2) Long, targeting 127.2 - 161.8 fibo retracements
As a recommendation, wait for reversal bar pattern inside PRZ box (use H1 chart if necessary)
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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.
Related publications
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.