Price is testing the topside of the bearish channel. Look for a potential bearish reversal.
Trade Step-ups:
Scenario One (Bearish Reversal): Price rejects a breakout. Price moves to the support levels of the channel. Profit levels are 1.1500, 1.1465 & 1.1430.
Scenario Two (Bullish Breakout): Price breaks bearish channel and consolidate above 1.155.
Trade Step-ups:
Scenario One (Bearish Reversal): Price rejects a breakout. Price moves to the support levels of the channel. Profit levels are 1.1500, 1.1465 & 1.1430.
Scenario Two (Bullish Breakout): Price breaks bearish channel and consolidate above 1.155.
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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.