XAGUSD Validation Analysis
06/01/2020 8:49pm
[ Daily ] Another structure where I begin to build my house. I have my 'Ceiling' or Resistance @ 18.617. My ' base ' or Support @ 11.766. For this market I marked out the previous
' Living Area ' @ 14.751 - 15.760, also a key area @ 16.644. In our living area of course we have consolidation which can be interpreted as ' Ranging ' on the 1 hour chart. ( from the
information given I can say this market is not valid to hold a position). Following our trend direction( Bullish ) we have Key areas above the Resistance. I marked the previous wick
rejections, which I predict for price to again reject or break through.
All pip moves are shown via price range.
[ Daily ] Another structure where I begin to build my house. I have my 'Ceiling' or Resistance @ 18.617. My ' base ' or Support @ 11.766. For this market I marked out the previous
' Living Area ' @ 14.751 - 15.760, also a key area @ 16.644. In our living area of course we have consolidation which can be interpreted as ' Ranging ' on the 1 hour chart. ( from the
information given I can say this market is not valid to hold a position). Following our trend direction( Bullish ) we have Key areas above the Resistance. I marked the previous wick
rejections, which I predict for price to again reject or break through.
All pip moves are shown via price range.
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