If next bar closes lower, we will see a downtrend at least to the 1,64$ level (being conservative, as for right now market is being indecisive)
Note
By adding the Fibo retracements, we see that there is an important level just above the current price, given the situation, it looks nicely for a short entryNote
Closed above the last bar, didn't confirm... Should be waiting for next bar to see if it confirms, still looks pretty bearish to meNote
Even though it refuses to close on a red candle, volume is descending, matter of time IMOTrade closed: stop reached
Price went the other way around, sometimes we lose :)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.