Hello traders
On 1h chart the price is in a bearish trend and is testing the resistance zone (50EMA).
The price is also on 60%Fib.
There is a high probability that the price will go down to 1.260
This is only my idea; always use stop loss
Let me know what you think about this idea
On 1h chart the price is in a bearish trend and is testing the resistance zone (50EMA).
The price is also on 60%Fib.
There is a high probability that the price will go down to 1.260
This is only my idea; always use stop loss
Let me know what you think about this idea
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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.