Confluences:
1-Primary trend at Daily chart is downward.
2-Price was moving below EMA 200 at Daily and 4H chart.
3-Supply zone 1.0620-30 has been re-tested more times and price pulled back again to resume its bearish move.
1-Primary trend at Daily chart is downward.
2-Price was moving below EMA 200 at Daily and 4H chart.
3-Supply zone 1.0620-30 has been re-tested more times and price pulled back again to resume its bearish move.
Trade active
Trade active
Note
We are waiting for breaking out the line to confirm the bearish bias for the pair.Note
Note
Price already has broken the line as per CPI effects which is more than expected.Trade active
Note
We can enter Sell order now.Confluecnes:
1-high volume
2-Price action (engulfing bearish candle)
3-Breaking the upward line.
Trade active
Trade active
Note
Price was moving toward the target 1.0520Note
Trade active
Note
Trade active
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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.