EU Swing Analysis H8-H4 Timeframe
Overall trend is bullish, on Daily> timeframe price has broken below the support trend line
Which indicates bearish corrective phase has started.
Current PA
Trend is bearish
Phase is corrective
Price has tapped into my 70.5-79.5% Fib level, in premium levels. I am looking for shorts
targeting weak low.
Price has already rejected and gave us a bearish displacemenet-clear on 6H timeframe
and a retest entry model.
Next week i am looking for price to extend the sells
(I know a lot of people are looking for price to sweep the high and mitigate the OB) but my entry criteria have been met.
Overall trend is bullish, on Daily> timeframe price has broken below the support trend line
Which indicates bearish corrective phase has started.
Current PA
Trend is bearish
Phase is corrective
Price has tapped into my 70.5-79.5% Fib level, in premium levels. I am looking for shorts
targeting weak low.
Price has already rejected and gave us a bearish displacemenet-clear on 6H timeframe
and a retest entry model.
Next week i am looking for price to extend the sells
(I know a lot of people are looking for price to sweep the high and mitigate the OB) but my entry criteria have been met.
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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.