Good day traders, my analysis shows that the price will head up but we need some few confirmations first before that
The previous trend was a bearish trend and price failed to create new lower lows and we had our Change of Character/Trend. Price broke above our CHoC giving us a New higher high which shows that buyers are more than sellers, causing price to head up
We broke above the New high and now the price is "Retracing" before it continues it's bullish movement, the best thing to do would be to wait for a bullish candlestick on the Zone(new high) before buying
The previous trend was a bearish trend and price failed to create new lower lows and we had our Change of Character/Trend. Price broke above our CHoC giving us a New higher high which shows that buyers are more than sellers, causing price to head up
We broke above the New high and now the price is "Retracing" before it continues it's bullish movement, the best thing to do would be to wait for a bullish candlestick on the Zone(new high) before buying
Trade closed: target reached
TP HIT
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Disclaimer
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.