H1 time frame.
Structure: Short-term uptrend towards 74.00 price zone.
The 74.00 price zone is the confluence between the Fibo 50 and the downtrend line of the bearish structure on the 4-hour timeframe.
Here, waiting for the divergence signal to appear and the bearish reversal pattern to be completed, a selling opportunity can be found.
The profit target is the 62.00 price zone.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!
Structure: Short-term uptrend towards 74.00 price zone.
The 74.00 price zone is the confluence between the Fibo 50 and the downtrend line of the bearish structure on the 4-hour timeframe.
Here, waiting for the divergence signal to appear and the bearish reversal pattern to be completed, a selling opportunity can be found.
The profit target is the 62.00 price zone.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!
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.
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.