Descending Wedge breakout retracement seems to have respected resistance level. Bear trend expected to resume.
Short term trend analysis confirms this claim. Take a look at this great analysis that supports the larger movement
Price target would be at around 0.9000.
Short term trend analysis confirms this claim. Take a look at this great analysis that supports the larger movement
Price target would be at around 0.9000.
Note
Short term neckline has been broken. Expect the long term bearish trend to begin.
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.