Multi-timeframe Technical Analysis:
Key Areas
Please make sure to check brokers slippage along with trading fees for you to accommodate if the trading signal is useful for you or not.
Do not risk entire portfolio on a single trade. Remember market is king!
Stay healthy and happy trading!
- D1 Bounced off strongly from key support level that holds the uptrend within the ranging market. Notice that previous support turned into resistance then came back to act as support again.
- H4 We can see a clear pierce through the Ichimoku cloud which could potentially signal a reversal and the start of a trend! And coincides with HTF Uptrend as potential continuation for it. Please note there's a trendline that if broken upwards will strongly signal the bullish move upwards but if you wait for that you'll enter at a more higher price so proceed according to your strategy.
Key Areas
- Key Support area: 0.4106 - 0.4200 (Potential Entries)
- Key Resistance area: 0.6000 - 0.6500 (Potential Targets)
Please make sure to check brokers slippage along with trading fees for you to accommodate if the trading signal is useful for you or not.
Do not risk entire portfolio on a single trade. Remember market is king!
Stay healthy and happy trading!