Morning folks,
We still follow our suggestion of reverse H&S pattern on 4H chart, although we have adjusted its shape a bit and make it larger, but overall idea stands the same. Our short-term plan consists of two parts.
First stage is downside continuation to form the bottom of the right arm. Here we're watching for 9875-9935 area where we have major 5/8 FIb level, Butterfly and AB=CD target. This is potentially the area where market could turn up.
Next step is to consider long entry. That's what we have for 1-2 sessions probably. Then we need just to watch whether market will follow to H&S and we could focus on higher stand targets, or H&S will fail, which will be the signal of downside continuation and major breakout of 9K area...
We still follow our suggestion of reverse H&S pattern on 4H chart, although we have adjusted its shape a bit and make it larger, but overall idea stands the same. Our short-term plan consists of two parts.
First stage is downside continuation to form the bottom of the right arm. Here we're watching for 9875-9935 area where we have major 5/8 FIb level, Butterfly and AB=CD target. This is potentially the area where market could turn up.
Next step is to consider long entry. That's what we have for 1-2 sessions probably. Then we need just to watch whether market will follow to H&S and we could focus on higher stand targets, or H&S will fail, which will be the signal of downside continuation and major breakout of 9K area...
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.