H2 time frame.
HIgher time frame downtrend structure, price tends to rise to Key level 70.00 then price breaks the trendline.
Price formed a double top reversal pattern with a divergence signal.
However, the bullish structure remains and there is no bearish confirmation yet.
Wait for the price to drop below the price of 67.00 and have a bearish confirmation to find a selling opportunity.
Profit target after price confirmation is 62.00.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!
HIgher time frame downtrend structure, price tends to rise to Key level 70.00 then price breaks the trendline.
Price formed a double top reversal pattern with a divergence signal.
However, the bullish structure remains and there is no bearish confirmation yet.
Wait for the price to drop below the price of 67.00 and have a bearish confirmation to find a selling opportunity.
Profit target after price confirmation is 62.00.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!
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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.
Discord : discord.gg/5HTtehrJVK
Website: tradafx.net/
Youtube: youtube.com/c/TradaFXForexTrading
❤
Facebook: facebook.com/tradafx
Instagram: instagram.com/tradafx1/
Twitter: twitter.com/Tradafx1
Website: tradafx.net/
Youtube: youtube.com/c/TradaFXForexTrading
❤
Facebook: facebook.com/tradafx
Instagram: instagram.com/tradafx1/
Twitter: twitter.com/Tradafx1
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.