Sell GJ
On the 4HR, I see that price was in an uptrend, hit a weekly key level, since then has been ranging. + bearish divergence.
On the 1HR, I see that price was in an uptrend, hit a weekly key level again and broke the 1HR trendline for the sell. this is the 4th time price came to this weekly level on the 1HR and reversed. + bearish divergence.
I am looking for price to drop back to the previous support area, break the 1HR trendline, then make its way down to the previous support area, on the 4HR trendline. (50-150 pips)
On the 1HR, I see that price was in an uptrend, hit a weekly key level again and broke the 1HR trendline for the sell. this is the 4th time price came to this weekly level on the 1HR and reversed. + bearish divergence.
I am looking for price to drop back to the previous support area, break the 1HR trendline, then make its way down to the previous support area, on the 4HR trendline. (50-150 pips)
Order cancelled
Sell invalidated since it broke out of zone for the buy
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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.