Preferred direction: SELL
Comment: Previously, we considered a potential trade for this pair in terms of growth within the medium-term movement. This idea is relevant, but an update of local minima is expected in the near future. That is, a fall below 0.65200 is expected.
Before the expected medium-term growth, the price will most likely touch the level of 0.65010. At this level of support, one can expect various kinds of manipulation, after which the same medium-term growth will most likely follow.
The short-term decline discussed in this trading idea will most likely begin in the very near future (1-2 trading days).
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Comment: Previously, we considered a potential trade for this pair in terms of growth within the medium-term movement. This idea is relevant, but an update of local minima is expected in the near future. That is, a fall below 0.65200 is expected.
Before the expected medium-term growth, the price will most likely touch the level of 0.65010. At this level of support, one can expect various kinds of manipulation, after which the same medium-term growth will most likely follow.
The short-term decline discussed in this trading idea will most likely begin in the very near future (1-2 trading days).
Thank you for like and share your views!
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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.