expecting another move up to 0.74
Monthly
-Mars 2020: went all the way down to 0.55 zone where an absorption of supply happened follow by a stop in action and a change of character, as we see price going upward the 0.65 are and closing up upside it on absorption of supply.
For after having an engulfing bullish candle going closed upside the 0.71 on heavy demand.
For after having a test upside the support area of 0.71 that showed supply absorption. For after a move up to 0.75 with a strong wick rejection to the downside and absorption of demand, pushing the price down and still reacting with a failure to close downside the 0.71 area during the month of February 2021. For after this current month showing signs of wick rejection to the upside with absorption of supply.
As we have seen in the past between from August 2016 to May 2018, price played and fished the zone 0.74 for after going upward and going touch it again, so i expect and i will not be surprise if price start consolidating between the 0.71 and 0.74 area. What i do expect for now, is another move up to 0.74, and then see how demand reacts approaching the zone.
As long as it does not break under 0.71 on a Sow, I am not interested into taking any sell position, especially with the beautiful absorption of supply that happened in the blue at the last of the 0.71 zone.
-Mars 2020: went all the way down to 0.55 zone where an absorption of supply happened follow by a stop in action and a change of character, as we see price going upward the 0.65 are and closing up upside it on absorption of supply.
For after having an engulfing bullish candle going closed upside the 0.71 on heavy demand.
For after having a test upside the support area of 0.71 that showed supply absorption. For after a move up to 0.75 with a strong wick rejection to the downside and absorption of demand, pushing the price down and still reacting with a failure to close downside the 0.71 area during the month of February 2021. For after this current month showing signs of wick rejection to the upside with absorption of supply.
As we have seen in the past between from August 2016 to May 2018, price played and fished the zone 0.74 for after going upward and going touch it again, so i expect and i will not be surprise if price start consolidating between the 0.71 and 0.74 area. What i do expect for now, is another move up to 0.74, and then see how demand reacts approaching the zone.
As long as it does not break under 0.71 on a Sow, I am not interested into taking any sell position, especially with the beautiful absorption of supply that happened in the blue at the last of the 0.71 zone.
إخلاء المسؤولية
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.
إخلاء المسؤولية
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.