Hello.
If we open 4h, we see that it is currently in consolidation between values 1236 and 1218. It has been going on for 13 days since 17.07.2018.
until now. Having tried a fake move on 19.07.2018 but within 4 candle has returned again above the 1218. If we open the chart, we will see that most of candles have long queues to level 1218 and immediately close above 1221. This suggests that they have very strong resistanceat this level 1221 and do not want to put it below that level. The W chart is in downtrend, RSI and STOCH are at over-selling levels. Short term can be done in consolidation by buying around level 1218 with stop 1217 and tp around 1236. If it breaks and closes above 1236, it will reverse the trend and can take long position to a new peak.
Successful week.
If we open 4h, we see that it is currently in consolidation between values 1236 and 1218. It has been going on for 13 days since 17.07.2018.
until now. Having tried a fake move on 19.07.2018 but within 4 candle has returned again above the 1218. If we open the chart, we will see that most of candles have long queues to level 1218 and immediately close above 1221. This suggests that they have very strong resistanceat this level 1221 and do not want to put it below that level. The W chart is in downtrend, RSI and STOCH are at over-selling levels. Short term can be done in consolidation by buying around level 1218 with stop 1217 and tp around 1236. If it breaks and closes above 1236, it will reverse the trend and can take long position to a new peak.
Successful week.
Trade geschlossen: Stop wurde erreicht:
Stop-loss :(
