Price Rejection from Daily + Weekly + Monthly TimeFrame
Good day traders.
Below is my own trade idea:
I am BEARISH after based on the following points:
1. A shooting star / Bearish pin bar parallel with descending daily trendline.
2. Multiple Lower highs since August 2020, parallel with the pandemic.
3. Price rejected parallel weekly descending channel.
1828/1830 only works as a strong resistance for this pair but weak support ( refer to red arrows )
I would not hesitate to place my short based on my analysis. My SL is around the 1845 area and TP 1740.
My trade would be long-term until the end of the month.
Wish you all good luck.
Thanks
Below is my own trade idea:
I am BEARISH after based on the following points:
1. A shooting star / Bearish pin bar parallel with descending daily trendline.
2. Multiple Lower highs since August 2020, parallel with the pandemic.
3. Price rejected parallel weekly descending channel.
1828/1830 only works as a strong resistance for this pair but weak support ( refer to red arrows )
I would not hesitate to place my short based on my analysis. My SL is around the 1845 area and TP 1740.
My trade would be long-term until the end of the month.
Wish you all good luck.
Thanks
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.