With the market moving downwards creating a shelf of support turning into resistance we have a second test with a bearish cypher completion point sat just a touch higher at 1.5083. A good reason to enter into a short position expecting a trend continuation move potentially looking for extended targets at the 1.272 fib ext if the market will push lower.
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.