price is rejecting below the 0.382 line and the previous support indicating bearish momentum.
the pattern is reacting to a previous ascending channel and is correcting
a bear flag has formed on the 4 hour with the rejection on the retest and the zone making it a strong pair to short
caution at the 0.5 fib level. possible targets at the 1.8213 level. scale accordingly
the pattern is reacting to a previous ascending channel and is correcting
a bear flag has formed on the 4 hour with the rejection on the retest and the zone making it a strong pair to short
caution at the 0.5 fib level. possible targets at the 1.8213 level. scale accordingly
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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.