Sell on further Bearish Movement
Updated
The pair is currently testing trendline 1. A rejection to the downside will open up the 1.59xx support.
A further retracement to the 0.382 fibonacci level is on the cards.
A further retracement to the 0.382 fibonacci level is on the cards.
Note
2 days later, price is yet to move higher after breaking below a strong trendline. It would be nice to see a retracement to the 0.382 fibonacci level 🎯 of the previous bearish impulse 🐻. However, in the absence of a retracement, further weakness is expected. Note
Price still playing around the trendline as of 20th November
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