WHY WOULD I CONSIDER A BULLISH CONTINUATION MOVE?
4H Blue Macd crossed above the 0 level line at the beginning of the week.
This can indicate a short term bullish bias for the beginning of the week
Day candle is poised at the BB Deviation 1 top level band
Watch the color of the day candle
May be red awhile for bearish pullback
Then turn green for bullish continuation and close above BB Dev 1 band
1h/4H Macd overbought for bearish pullback
Watch 1H/4H for Macd to turn up for bullish confirmation
Watch for failed bearish trendline breakout & price return above trendline
Bullish take profit 4H resistance @ 1.2422
If bearish breakout continues enter 15m break-hook-go
Bearish take profit on 1H @ 1.2265
4H Blue Macd crossed above the 0 level line at the beginning of the week.
This can indicate a short term bullish bias for the beginning of the week
Day candle is poised at the BB Deviation 1 top level band
Watch the color of the day candle
May be red awhile for bearish pullback
Then turn green for bullish continuation and close above BB Dev 1 band
1h/4H Macd overbought for bearish pullback
Watch 1H/4H for Macd to turn up for bullish confirmation
Watch for failed bearish trendline breakout & price return above trendline
Bullish take profit 4H resistance @ 1.2422
If bearish breakout continues enter 15m break-hook-go
Bearish take profit on 1H @ 1.2265
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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.
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.