- On the higher time frames (4hr & 2hr) we see a clear descending channel with 2 touches to the upside and 3 to the downside - The 3rd touch of the upper trend line lines up nicely with our 61.8% Fibonacci level giving us our entry for a short position (if price breaks higher the trade is invalid). - On our lower time frame (1hr) we see the break and retest of the descending trend line, therefore being 1 confirmation to go long along with more confirmations like the descending channel and the ammount of touches to it -On our 15 minute chart we can see the break and retest much clearer also with the retest lining nicely with our 61.8% Fibonacci level again (I have highlighted both the BUY & SELL zones with green boxes and set a buy limit and sell limit at these areas.)
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.