Continuation of the bearish market
My analysis from last week was correct. We had a smooth downtrend, which was confirmed by the BB%. The market broke the trend channel on friday.
For the upcomming week I do see following development. A pullback to 1.12480 ( a 0.382 retracement of the new wave). Following new down movement to 1.11121.
Indicator BB% shows me that on the 4H timeframe the market is oversold. Thus I expect pullback. However the BBW shows me expanding BB. Thus I expect continuation of the downtrend.
What do you think? Do you follow my idea?
For the upcomming week I do see following development. A pullback to 1.12480 ( a 0.382 retracement of the new wave). Following new down movement to 1.11121.
Indicator BB% shows me that on the 4H timeframe the market is oversold. Thus I expect pullback. However the BBW shows me expanding BB. Thus I expect continuation of the downtrend.
What do you think? Do you follow my idea?
Trade ativo
The pullback did not happen. Nevertheless my position from last week goes further into profit.Trade fechado manualmente
Expecting some price increase to 1.12120. I take profit and looking for new short entry.
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.