1HRS TIMEFRAME
Overall trend: Downtrend pattern
Pattern Used: downward channel pattern and harmonic pattern
An indicator used: 20 EMA
Analysis: it broke the zone during the bearish movement from price level @0.65750 to @0.65180. It retests the zone @0.65420 and now retraces using the zone as resistance.
alternate analysis: at this point, it can keep maintaining its bullish movement to price level @0.65600 and retrace back to continue its bearish movement.
Overall trend: Downtrend pattern
Pattern Used: downward channel pattern and harmonic pattern
An indicator used: 20 EMA
Analysis: it broke the zone during the bearish movement from price level @0.65750 to @0.65180. It retests the zone @0.65420 and now retraces using the zone as resistance.
alternate analysis: at this point, it can keep maintaining its bullish movement to price level @0.65600 and retrace back to continue its bearish movement.
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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.
Disclaimer
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.