1- the overall trend is bearish (lower highs and lower lows)
2- A retest made at the 122.800 level and not able to break higher, this level is a very strong (support/resistance) since 2017
3- An exhausted small bullish trend/channel
4- A Divergence
also going down on the weekly
and the monthly
all this tells me that the price will continue downside
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follow me to get the latest analysis daily
thank you
Good luck
2- A retest made at the 122.800 level and not able to break higher, this level is a very strong (support/resistance) since 2017
3- An exhausted small bullish trend/channel
4- A Divergence
also going down on the weekly
and the monthly
all this tells me that the price will continue downside
Don't forget to leave a LIKE
Check my idea's here:https://www.tradingview.com/u/jihadHejaz/#published-charts
follow me to get the latest analysis daily
thank you
Good luck
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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.