Price action suggesting continued bearish momentum with hanging man followed by bearish candlestick, with the 200MA acting as a potential resistance zone with stops just above the fib extension at 0.618.
Ichomoku cloud confirming the downtrend also.
Target point 1. 107.306
break of this level will lead to
Target point 2 at next major point of support at 105.272, potential of a possible 350+ pips
Ichomoku cloud confirming the downtrend also.
Target point 1. 107.306
break of this level will lead to
Target point 2 at next major point of support at 105.272, potential of a possible 350+ pips
Note
Higher high was reached so the trade was made invalid.
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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.