On a 1H chart we have a bearish chart pattern
Price is currently at 50% Fibonacci retracement area (Filtered to 1H timeframe)
in a relation to previous swing Down
Currently I would not recommend to place new trades
If you have opened positions in a current direction, then you can leave it open for now
I would recommend to leave Breakeven stop loss.
"P.S.: Current short term analysis can look opposite to what I have posted of a higher grade. It happens because I’m reacting to a current market conditions, as big changes are starting with small. Also entry level on a higher grade chart can be a target on a lower grade chart"
"Any questions are welcome!!! just write down in comments. Your likes are much appreciated."
Price is currently at 50% Fibonacci retracement area (Filtered to 1H timeframe)
in a relation to previous swing Down
Currently I would not recommend to place new trades
If you have opened positions in a current direction, then you can leave it open for now
I would recommend to leave Breakeven stop loss.
"P.S.: Current short term analysis can look opposite to what I have posted of a higher grade. It happens because I’m reacting to a current market conditions, as big changes are starting with small. Also entry level on a higher grade chart can be a target on a lower grade chart"
"Any questions are welcome!!! just write down in comments. Your likes are much appreciated."