Looking for a short on this. It has reached the trendline on the weekly chart and as we can see it has reacted rather sharply every time it got here. It is on resistance too. Look out for price action. I aspecially look for a pinbar or engulfing on the lower timeframes. Some other data might confirm a reversal. Keep an eye open. TP1: 0.75002 TP2: 0.74214. SL 0.76513.
This is not trading advise. I merely give my viewpoint
This is not trading advise. I merely give my viewpoint
Note
What a reversal!!. Now to watch for the retracement and a sell again
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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.