Hello everybody!
-On the 4-hour chart, we can see that the price continued i bearish direction.
-Now we can see that the price rejected the "support area" and the price closed with a bearish candle with a long lower wick(on 1-hour chart).
-We can also see that the price is moving in a small descending channel(on the 1-hour chart is even better visible).
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
-On the 4-hour chart, we can see that the price continued i bearish direction.
-Now we can see that the price rejected the "support area" and the price closed with a bearish candle with a long lower wick(on 1-hour chart).
-We can also see that the price is moving in a small descending channel(on the 1-hour chart is even better visible).
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.