Bullish Indicators:
1) Support zone at 154.775 Fib level 38.20%
Bearish Indicators:
1) Bearish Engulfing candlestick
2) Resistance zone at 158.209
3) Downward trend
4) LH LL
Plan A: One can take a short position from here for the target of 154.775 and 153.714.
Plan B: On the breaking of resistance zone at 158.209 the pair will become bullish once again and the long position can be taken for the target of 160.
1) Support zone at 154.775 Fib level 38.20%
Bearish Indicators:
1) Bearish Engulfing candlestick
2) Resistance zone at 158.209
3) Downward trend
4) LH LL
Plan A: One can take a short position from here for the target of 154.775 and 153.714.
Plan B: On the breaking of resistance zone at 158.209 the pair will become bullish once again and the long position can be taken for the target of 160.
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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.