Slow stochastic now quite showing overbought, but we're in a long term bear trend.
Entry point just below recent support.
Target 1 - at weekly support region.
Stop at short term resistance.
Entry point just below recent support.
Target 1 - at weekly support region.
Stop at short term resistance.
Note
Be aware of 200 day MA at 1,08472 which shows some effect on price movement.Note
Also be aware of candlestick patterns and volume at the entry point as it acts as both support and weekly resistance (they almost touch). Watch for false signals!
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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.