Technical Analysis:
The price found sellers around the 50% Fibonacci retracement level which led to a breakout of the bearish pennant formation to the downside after posting a head and shoulders. A higher correction is expected around the 87.96 USD mark before a selloff all the way down to the target profit.
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Trade Idea:
Sell Limit Order @ 87.96
Take Profit @ 87.13
Stop Loss @ 88.23
Trade Safely 🙂
The price found sellers around the 50% Fibonacci retracement level which led to a breakout of the bearish pennant formation to the downside after posting a head and shoulders. A higher correction is expected around the 87.96 USD mark before a selloff all the way down to the target profit.
-------------------------------------------------------------------------------------
Trade Idea:
Sell Limit Order @ 87.96
Take Profit @ 87.13
Stop Loss @ 88.23
Trade Safely 🙂
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forexrobotnation.com/
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youtube.com/c/tradewithpat
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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.
👉 For Free Signals :
t.me/tradewithpatfree
🗣 Our Website :
forexrobotnation.com/
📡 Our Youtube Channel :
youtube.com/c/tradewithpat
✔️ Our TikTok
tiktok.com/@tradewithpat
t.me/tradewithpatfree
🗣 Our Website :
forexrobotnation.com/
📡 Our Youtube Channel :
youtube.com/c/tradewithpat
✔️ Our TikTok
tiktok.com/@tradewithpat
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.