Agression initiation down; reacting to major long term trendline
Multitimeframe Analysis!
Price is reacting positively (downwards) to a long term trendline from the WEEKLY + a horizontal level.
Entry: major GBP news release in 7 hours, hoping it triggers me in on a limit order from implied volatility (expecting a small spike rejection/retest-ish)
Exit: I don't know how far the will go, so I will be adjusting depending on what the price action does.
Long term trendline + horizontal level convergence from the weekly:
Daily:
On the 4h, the RSI is fading down, indicating weakness :
15 min :
^^this whole pattern I've seen it before with experience. It's pure price action and it's telling me that it will go down.
Price is reacting positively (downwards) to a long term trendline from the WEEKLY + a horizontal level.
Entry: major GBP news release in 7 hours, hoping it triggers me in on a limit order from implied volatility (expecting a small spike rejection/retest-ish)
Exit: I don't know how far the will go, so I will be adjusting depending on what the price action does.
Long term trendline + horizontal level convergence from the weekly:
Daily:
On the 4h, the RSI is fading down, indicating weakness :
15 min :
^^this whole pattern I've seen it before with experience. It's pure price action and it's telling me that it will go down.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.