Hello analysts and traders, See below the analysis & updates on Link USD.
Based on what merit? From a lower time frame we would be looking at around 21.2 which aligns to the Fibonacci 61.8% level. Daily level buys - 19.77 or 20.8 where a daily imbalance is occurring.
What does the chart show us? <deleted> From a 4 hour perspective - our two zones in grey on the 4 hour chart - we have seen a Fibonacci retracement to the 0.705, which has created a liquidity zone for buyers to continue the incline to the targets above. Zone 1 at 0.705 is imbalance 1, imbalance 2 is between $21.7 to 20.00.
What is the long term outlook? The original idea
Where will our analysis take us next? Bullish scenario - we will need to break the supply on the four hour timeframe to create a new all time high close. From here, the previous imbalance will be our respective buy zone. on a Daily we are in a zone of rejection or creation.
Bearish? If price falls from the high to our 4 hour trendline, then price can break or bounce
Extended target is price falling to the imbalance at $20
Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners through to advanced . KISS - keep it simple stupid. Pure imbalance trades - with further explanations on the graphs to understand.