Trend: Bearish
Structure: Support and Resistance
Plan: We look for price to reject the upper level of support and then take a short down to 0.618 Fib level with 0.5 being TP1.
Price has shown some rejection at the point of resistance by a number pin bar candles.
MACD also looks to confirm shortly.
Structure: Support and Resistance
Plan: We look for price to reject the upper level of support and then take a short down to 0.618 Fib level with 0.5 being TP1.
Price has shown some rejection at the point of resistance by a number pin bar candles.
MACD also looks to confirm shortly.
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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.
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.