In 4hr: double top with an engulfing candle pattern price ranging between 1.8659 and 1.8328 Candle closed below 50 ema On 1hr: Candle approaching 200 ma expecting a retracement to 1.18443 which is 0.618 fib retracement TRADE : If price closes below 1.18289 then we continue downwards towards 1.17497 since it will break 4hr resistance level if it breaks above 1.18953 , then price will move upwards to 1.19588 which is a weekly resistance level
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.