Hello fellow traders.
Here is My weekly analysis and price predictions for the upcoming week.
First of we should keep in mind that this will be a dull week on the Fundamental front except for some important data releases on Thursday. Hence we can assume on good authority that the market will move based on Technical more than the fundamental.
As You can see on the chart - On DAILY Time frame - The market respected the technicals and followed up the daily close of bullish candle with 2 bullish candles. We are at an interesting price however and thats indicated on the chart.
We take 2021 - 2026 as key level on all timeframes. This can go anywhere from this pivot point. I am looking for sell entries from these levels targeting immediate support at 2013 level.
On the other hand, if this area is broken on H4 timeframe, I am targeting 2048.
As the week moves on the plans come together, I will be posting updates to this analysis.
Good Luck and Happy trading
Here is My weekly analysis and price predictions for the upcoming week.
First of we should keep in mind that this will be a dull week on the Fundamental front except for some important data releases on Thursday. Hence we can assume on good authority that the market will move based on Technical more than the fundamental.
As You can see on the chart - On DAILY Time frame - The market respected the technicals and followed up the daily close of bullish candle with 2 bullish candles. We are at an interesting price however and thats indicated on the chart.
We take 2021 - 2026 as key level on all timeframes. This can go anywhere from this pivot point. I am looking for sell entries from these levels targeting immediate support at 2013 level.
On the other hand, if this area is broken on H4 timeframe, I am targeting 2048.
As the week moves on the plans come together, I will be posting updates to this analysis.
Good Luck and Happy trading
Trade active:
we are at pivot point - a nice spot to get in some shorts and if a 4h close is above the pivot I am buying it.