In the left chart (4H time frame), you can see buyers are weak now and couldn't push the price to cross the supply zone (136.4-136.7)
The angle of the upward leg is lower than the downward leg and shows a possible pullback.
On the other hand, in the 1H chart, we have a large green candle, which after that, the price completely reversed with two candles, so it's more likely to be an exhaustion gap. Almost we have a double top.
All price action data shows that it's hard to break this resistance zone, and probably we will have a reversal trend with at least the demand zone.
We have 3 Doji candles in the 4H chart; those are the signal bar for us, so I will sell if we have a valid bearish key bar and the uptrend line break.
The angle of the upward leg is lower than the downward leg and shows a possible pullback.
On the other hand, in the 1H chart, we have a large green candle, which after that, the price completely reversed with two candles, so it's more likely to be an exhaustion gap. Almost we have a double top.
All price action data shows that it's hard to break this resistance zone, and probably we will have a reversal trend with at least the demand zone.
We have 3 Doji candles in the 4H chart; those are the signal bar for us, so I will sell if we have a valid bearish key bar and the uptrend line break.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.