I anticipate more downside through this day PA. The bump on the road is anticipated at d bisi CE level and I would like to see some corrective upside setback closer to the 9.45 HI news release. After that HI news even I anticipate more downside. I have modest DOL to the downside at d bisi CE level.
Note
9.56 5mTFIt is very energetic upside move. The target for the upside retracement has been reached and the 15m sibi is respected with candle bodies so far. I would like to see little bit more PA on the LTF charts, maybe additional -MSS on 1m TF will be very enough for me to frame the possible short setup.
Note
10.43 15mTFThe PA moved way higher and only 1h sibi at close proximity to the w wick CE resistance level. Price still has potential to do more upside because the long-term bs levels are in close proximity. But the effect of HI news could has been exhausted already. I would like to see sings of the reversal first. It is more likely to see PMS reversal than during this AMS session.
Trade closed manually
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.
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.