TRADEWITHKENNY
EDUCATIVE : The trendline drawn above highlights the bullish confirmation on the 4-hour timeframe at the 2,890 support level , following a fake breakout . The 2,880 level acted as a key support zone and was retested multiple times , as shown on the chart before continuing the trend.
It’s always advisable to perform a top-down analysis , starting from the weekly timeframe down to the hourly and minute timeframes , to refine entries at key levels for better trade execution.
Disclaimer : This is my personal view and should not be considered financial advice.
EDUCATIVE : The trendline drawn above highlights the bullish confirmation on the 4-hour timeframe at the 2,890 support level , following a fake breakout . The 2,880 level acted as a key support zone and was retested multiple times , as shown on the chart before continuing the trend.
It’s always advisable to perform a top-down analysis , starting from the weekly timeframe down to the hourly and minute timeframes , to refine entries at key levels for better trade execution.
Disclaimer : This is my personal view and should not be considered financial advice.
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.