Pin bar on daily chart means this pair could gradually turn our attention to the downside for few days.
Coincidentally this is also the 61.8% retracement of the fibo drawn from 1.5245 high and 1.3829 most recent low.
Today price is about to close below 38.2% of the same fibo. and also closing below my trend indicator (EMA).
if today price closes below 38.2% of the fibo. then the bearish mode is activated for next week.
Good luck with your trading.
Coincidentally this is also the 61.8% retracement of the fibo drawn from 1.5245 high and 1.3829 most recent low.
Today price is about to close below 38.2% of the same fibo. and also closing below my trend indicator (EMA).
if today price closes below 38.2% of the fibo. then the bearish mode is activated for next week.
Good luck with your trading.
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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.
Related publications
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.