Bullish Indicators:
1) Support zone at 1.5243
Bearish Indicators:
1) Bearish Engulfing candlestick
2) Resistance zone at 1.16713 Fib level 38.20%
3) Downward trend
Plan A: Continuously rejection from resistance zone at 1.16713 Fib level 38.20% the pair will likely move towards the support zone at 1.5243.
Plan B: On the breaking of resistance zone at 1.16713 the pair will become bullish and the long position can be taken for the target of 1.17168 and 1.17622.
1) Support zone at 1.5243
Bearish Indicators:
1) Bearish Engulfing candlestick
2) Resistance zone at 1.16713 Fib level 38.20%
3) Downward trend
Plan A: Continuously rejection from resistance zone at 1.16713 Fib level 38.20% the pair will likely move towards the support zone at 1.5243.
Plan B: On the breaking of resistance zone at 1.16713 the pair will become bullish and the long position can be taken for the target of 1.17168 and 1.17622.
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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.