Bullish Indicators:
1) Support zone at 1.04080 Fib level 61.80%
Bearish Indicators:
1) LH LL
2) Downward trend
3) Resistance zone at 1.04471 or upward descending trendline.
Plan A: One can take a short position on the rejection from the upward descending trendline for the target of 1.04080 and 1.03522
Plan B: On the breaking of upward descending trendline with a good bullish candle one can take long position for the target of 1.05277.
1) Support zone at 1.04080 Fib level 61.80%
Bearish Indicators:
1) LH LL
2) Downward trend
3) Resistance zone at 1.04471 or upward descending trendline.
Plan A: One can take a short position on the rejection from the upward descending trendline for the target of 1.04080 and 1.03522
Plan B: On the breaking of upward descending trendline with a good bullish candle one can take long position for the target of 1.05277.
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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.