We have a nice bearish signal at a good level. A bearish signal with a gap down has formed at the 50% fib level of the previous down move. Pair has been in a down trend, so I are trading with the overall trend.
This level has also acted as previous support and resistance, creating a good level to short from.
This level has also acted as previous support and resistance, creating a good level to short from.
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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.