After the drop from the 1.35 price point, this pair created a large area of imbalance, and as the price reached an area of support , I expect it to retrace at lease to the 31.8 Fib line and possibly more. However, I expect a high volatility with up and down swings to pick stop losses for the Bulls.
In addition to that, the OBV on the 4 Hr time frame is showing a bullish hidden divergence which adds to the conformation of the idea.
I would love to hear your thoughts about this idea.
*** Disclaimer****
This is not a signal.
Please trade at your own risk using your own analysis.
Happy Holidays!!!
In addition to that, the OBV on the 4 Hr time frame is showing a bullish hidden divergence which adds to the conformation of the idea.
I would love to hear your thoughts about this idea.
*** Disclaimer****
This is not a signal.
Please trade at your own risk using your own analysis.
Happy Holidays!!!
Aviso legal
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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.