On the daily chart(right), the market has retraced to the sell zone for a trend trading opportunity, it's a great opportunity for trend traders to engage for a shorting opportunity.
On the 4-hourly chart(left), a bullish movement follow by a pennant that shows a bullish flag setup which I am more inclined of.
However, for both setup, the RSI was not overbought(right) nor oversold(left), further confirmation is required.
On the 4-hourly chart(left), a bullish movement follow by a pennant that shows a bullish flag setup which I am more inclined of.
However, for both setup, the RSI was not overbought(right) nor oversold(left), further confirmation is required.
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🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
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.