On this 4HR time frame, it seems our oscillators are showing bearish divergences as well as on the 1HR time frame. And on the Daily time frame, you can see a clear double top.
We'll keep an eye out on this pair when market opens and watch price action for more confirmations before shorting this pair.
Short targets will be 0.68560 for first target and second target will be 0.68270
We'll keep an eye out on this pair when market opens and watch price action for more confirmations before shorting this pair.
Short targets will be 0.68560 for first target and second target will be 0.68270
Note
A close below the support level will make a good short opportunity with a stop just above the wick of the previous high.Note
A retest of the grey highlighted box looks like a good opportunity to short this pair to 0.68540 for a first target and second target is at 0.68260.Note
First target reached.Trade closed: target reached
Second target reached
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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.