Price has been showing sign of weakness deep inside a weekly supply zone and a previous daily structure high.
First we see a inverse hammer, follow by a bullish candle that doesn't make any new high. This is followed by a hammer pattern. I see these 3 candles price action as a sign of weakness. Will be looking to go SHORT on this pair.
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.
First we see a inverse hammer, follow by a bullish candle that doesn't make any new high. This is followed by a hammer pattern. I see these 3 candles price action as a sign of weakness. Will be looking to go SHORT on this pair.
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.