This is a trend based analysis of
CANFINHOME
. Price is looking bearish on MLY, WLY, DLY and 4H time frames. Further, price has resistance at the WLY S-R levels. For the near term future, going short looks more profitable.
Indicators Used:
Trend lines at different timeframes.
Support - Resistance levels at different timeframes.
Disclaimer: This is shared as an idea and not a recommendation. It is a guesstimate of what the price may be down the line. Please use this for your further analysis and based on your own analysis and risk management initiate trades accordingly. I'm posting this as a means to further improve my knowledge and receive further knowledge from others.
CANFINHOME
. Price is looking bearish on MLY, WLY, DLY and 4H time frames. Further, price has resistance at the WLY S-R levels. For the near term future, going short looks more profitable. Indicators Used:
Trend lines at different timeframes.
Support - Resistance levels at different timeframes.
Disclaimer: This is shared as an idea and not a recommendation. It is a guesstimate of what the price may be down the line. Please use this for your further analysis and based on your own analysis and risk management initiate trades accordingly. I'm posting this as a means to further improve my knowledge and receive further knowledge from others.
Trade closed: stop reached