1) Short-term downtrend after candle close below MA (9).
2) Possible creation of a bearish channel consisting of lower recent highs.
3) Possible breakdown of the 100% fibonacci level.
4) Stochastic in positive zone with possible bearish direction.
Setup:
Entry= 121.477
SL= 122.225
TP1= 121
TP2= 120.626
TP3= 120.363
2) Possible creation of a bearish channel consisting of lower recent highs.
3) Possible breakdown of the 100% fibonacci level.
4) Stochastic in positive zone with possible bearish direction.
Setup:
Entry= 121.477
SL= 122.225
TP1= 121
TP2= 120.626
TP3= 120.363
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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.