1) Daily candle close below MA (9), indicating a short-term downtrend.
2) Possible pullback to the 50% fibonacci level to test the 1.10905 zone.
3) Stochastic in positive zone and with bearish direction
Setup:
Entry= 1.10905
SL= 1.11480
TP1= 1.10648
TP2= 1.10281
TP3= 1.09815
2) Possible pullback to the 50% fibonacci level to test the 1.10905 zone.
3) Stochastic in positive zone and with bearish direction
Setup:
Entry= 1.10905
SL= 1.11480
TP1= 1.10648
TP2= 1.10281
TP3= 1.09815
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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.