The weekly price frame has reached the Resistance area, which is also the peak and the lowest low.
But overall the price is still in a downtrend. An immediate breakout is not possible, so a consolidation at a value area is required. If you wanna BUY, from here, you'll need to see the DOW creation condition increase > Higher high, lower high and close the...
> Weekly: still trending Down
> Daily: price Bullish from support and EMA34
> H4: The price continues to create a bullish DOW, and surpasses the trendline H4
>> Trading plan: enter M15 or H1 time frame, look for reversal pattern at resistance area & fibo 0.5- 0.618 » @1756 @1764
!!! Absolute Stop Loss at: 1768
This is not investment advice
Please comment if...
Weekly: Still trending Down
>Daily: Price 24/11 closes above the trendline.
>H4: price 24/11 creat a bearish DOW, but after that The bulls pushed the price up and close below resistance
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Trading plan: Look M15 TF, price break trendline, waiting price restest RS & Trendline & EMA89. You can open order: Sell 0.675
Absolute Stop Loss at: 0.676
TP: Always...
