Hi traders!
The market is in a Downtrend.
Key Areas:
Category:
- Trend Continuation
- Pullback Trading
- Trendline Bounce
- 200MA Bounce
Description:
As you can see the market is at some Structure Levels:
First of all we drawed a Trendline on the Daily Timeframe.
It's the third time the market is testing this Trendline now.
So, the diffrence between the former testings and the testing now is this:
Now the market is getting support from the 200 MA of the H4-Timeframe.
In addition the market is ranging in a consolidaion box.
If the market is breaking out bearish, the Target would be the next Support.
We recommend to trade the Breakout with a Retest!
Thanks and successful Trading :)!
The market is in a Downtrend.
Key Areas:
- Resistance @ 1.37000
- Support @ 1.35000
- Consolidation Box - Range of 50 pips, active
- Trendline "Daily Trendline" - descending, resisting
- 200 Exponential Moving Average from H4-Timeframe
Category:
- Trend Continuation
- Pullback Trading
- Trendline Bounce
- 200MA Bounce
Description:
As you can see the market is at some Structure Levels:
First of all we drawed a Trendline on the Daily Timeframe.
It's the third time the market is testing this Trendline now.
So, the diffrence between the former testings and the testing now is this:
Now the market is getting support from the 200 MA of the H4-Timeframe.
In addition the market is ranging in a consolidaion box.
If the market is breaking out bearish, the Target would be the next Support.
We recommend to trade the Breakout with a Retest!
Thanks and successful Trading :)!
Note
This is the RED BOX, but in Big:Note
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.
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.