Price has been ranging between our monthly support and weekly resistance for some time now. Price has recently been rejected by our resistance level forcing a shooting star. Due to these reasons we are anticipating further bearish movement down to the 1.63643 area we will enter on the break of our trend line.
Trade closed: target reached
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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.