XAGUSD Validation Analysis
06/01/2020 8:49pm
[ Daily ] Another structure where I begin to build my house. I have my 'Ceiling' or Resistance @ 18.617. My ' base ' or Support @ 11.766. For this market I marked out the previous
' Living Area ' @ 14.751 - 15.760, also a key area @ 16.644. In our living area of course we have consolidation which can be interpreted as ' Ranging ' on the 1 hour chart. ( from the
information given I can say this market is not valid to hold a position). Following our trend direction( Bullish ) we have Key areas above the Resistance. I marked the previous wick
rejections, which I predict for price to again reject or break through.
All pip moves are shown via price range.
[ Daily ] Another structure where I begin to build my house. I have my 'Ceiling' or Resistance @ 18.617. My ' base ' or Support @ 11.766. For this market I marked out the previous
' Living Area ' @ 14.751 - 15.760, also a key area @ 16.644. In our living area of course we have consolidation which can be interpreted as ' Ranging ' on the 1 hour chart. ( from the
information given I can say this market is not valid to hold a position). Following our trend direction( Bullish ) we have Key areas above the Resistance. I marked the previous wick
rejections, which I predict for price to again reject or break through.
All pip moves are shown via price range.
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.