GU BIAS: SELL HAS STARTED. MOMENTUM HAS SHIFTED TO BEARISH
Hi there,
I hope some of us have experienced a loss this morning. That's inevitable. That's part of trading. Now, what next? The momentum has shifted in favor of the bears. It means that there is no more buying for now. We are looking to buy.
The price has broken and retested the level of 1.23444, and now a bearish pin bar has formed, showing us that the downward movement will continue to 1.22976, our first profit target. The price may continue going down to the level of 1.22272, second TP area. Stop lose: 1.23716
I hope some of us have experienced a loss this morning. That's inevitable. That's part of trading. Now, what next? The momentum has shifted in favor of the bears. It means that there is no more buying for now. We are looking to buy.
The price has broken and retested the level of 1.23444, and now a bearish pin bar has formed, showing us that the downward movement will continue to 1.22976, our first profit target. The price may continue going down to the level of 1.22272, second TP area. Stop lose: 1.23716
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.
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.