Weekly Chart:
Bearish Engulfing Pattern
Daily Chart:
Friday closed with a pin bar with rejection of high price but still closed above 112.6
Watch out:
1. There might be a retest around zone 112.9
2. First support might be 112.6
3. Second support might be 112
Action:
Waiting for a retest and price action pattern to determine a short entry @ area around zone 112.9
Bearish Engulfing Pattern
Daily Chart:
Friday closed with a pin bar with rejection of high price but still closed above 112.6
Watch out:
1. There might be a retest around zone 112.9
2. First support might be 112.6
3. Second support might be 112
Action:
Waiting for a retest and price action pattern to determine a short entry @ area around zone 112.9
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.