OVERALL STRUCTURE: Current Leg is Bearish, on 4hr and D
For 4 hr to be bullish it needs to flip $1.76 For D to be bullish it needs to flip: $2.17.
Current Entry: $1.49 Stoploss: 1.17
Short term targets: $1.68. If Flips $1.76 then $2.
Long term Targets: $4, $6, $7.8
Reasons to be bullish: 1. Range lows on Daily tf reclaimed. 2. Looks like a successful retest of bearish low (Hammer candle formation). 3. 4hr internal structure shift – making a Daily Pullback.
Markets will be highly volatile, Take risk at your own risk, Not a financial advice.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.