Key Factors:
- Price had broken out the ascending structure with a strong bearish momentum
- Price is also making a retest at the previously broken out and may likely present a confirmation for further downside movements
- Price needs to find support above 1.218 level for an upside recovery
Entry Conditions:
- Current resistance zone as entry zone once we have a good confirmation
- Stops managed above current resistance zone with targets near to next support
Price needs a break above resistance zone, finds support and presents confirmation to switch bulls
- Price had broken out the ascending structure with a strong bearish momentum
- Price is also making a retest at the previously broken out and may likely present a confirmation for further downside movements
- Price needs to find support above 1.218 level for an upside recovery
Entry Conditions:
- Current resistance zone as entry zone once we have a good confirmation
- Stops managed above current resistance zone with targets near to next support
Price needs a break above resistance zone, finds support and presents confirmation to switch bulls
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.
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.