3 confluences for this pair to go bearish....
1- price is respecting the descending TL
2- price is making lower highs and lower lows currently in its lower high phase
3. price is retesting support structure it broke as resistance
1- price is respecting the descending TL
2- price is making lower highs and lower lows currently in its lower high phase
3. price is retesting support structure it broke as resistance
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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.