XAUUSD M15
The market today opened at the price of 1767.00 as well as making a $ 4 retracement of the increase from the opening price. From the current chart what can be seen through the current movement.
From the chart analysis, the tendency of the market price shows more downtrend than uptrend. Because the rise that took place early this morning did not show strength on this candlestick.
Even what is created at current prices? Bearish engulfing has formed on the M15 timeframe. This suggests the possibility of market prices tending to a downtrend.
But at the same time. The price is in the flat area where the price was the lowest last Friday. Chances are if a strong downtrend can occur it will need to break in that area.
This is an appendix to today’s support and resistance prices;
R1: 1770.00
R2: 1776.00
R3: 1786.00
--------------------
S1: 1764.00
S2: 1758.00
S3: 1748.00
Those who want to see the breakout + retest chart can be guided by the M15 timeframe. As well as 1: 1 trade management can be used as a management guide for today's trading.
Follow us to always know the science of trading as well as the latest updates on technical analysis & fundamental analysis
Visit: www.moneylifeconsulting.com
No comments:
Post a Comment