On H4, the price has broken the down trend channel and making a Higher High.
From 27 January to date, the price movement is forming another flag on the higher band; also, to add some confluences, if we observed the Price Action on the candle stick, there were some rejection to go down.
Based on the above, I think the price will pick up some liquidity at $1,417 area prior going down.
Short term (1-2 days) will be bullish as we are still in bullish flag area.
From 27 January to date, the price movement is forming another flag on the higher band; also, to add some confluences, if we observed the Price Action on the candle stick, there were some rejection to go down.
Based on the above, I think the price will pick up some liquidity at $1,417 area prior going down.
Short term (1-2 days) will be bullish as we are still in bullish flag area.
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no pretenden ser, ni constituyen, asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.