The overall downtrend is downward (ma50 below ma150 on the daily chart) and the price bounced off trendline (Daily chart)
Price bounced off 50ma and 0,5 Fibonacci level(4-Hour chart)
Price bounced off 150 ma (1-Hour chart)
Therefore this is a good short opportunity
SL) 1.685
TP) 1.6624
Price bounced off 50ma and 0,5 Fibonacci level(4-Hour chart)
Price bounced off 150 ma (1-Hour chart)
Therefore this is a good short opportunity
SL) 1.685
TP) 1.6624
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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.