1) Possible continuation of short-term downtrend, after crossing the MA (9).
2) Double testing of the 50% Fibonacci area for a minimum of October 29 and a maximum of November 21.
3) Possible breakdown of bullish channel and creation of new bearish channel.
4) Stochastic entering the oversold zone, but with a bearish direction.
Setup:
Entry = 1.45773
SL = 1.46540
TP1= 1.45227
TP2= 1.44531
2) Double testing of the 50% Fibonacci area for a minimum of October 29 and a maximum of November 21.
3) Possible breakdown of bullish channel and creation of new bearish channel.
4) Stochastic entering the oversold zone, but with a bearish direction.
Setup:
Entry = 1.45773
SL = 1.46540
TP1= 1.45227
TP2= 1.44531
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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.