Small Correction. Beartrap.
The bears took initiative on the white candle on the chart with large volume. There wasn't follow up by bulls after it, so there was much more selling.
The buyers try to fight today, but they lost (with the help of macroeconomic data).
Target of this short is 3.85
I don't think it will go lower, because of new government politics, because of that this correction will end as beartrap on the larger picture.
The buyers try to fight today, but they lost (with the help of macroeconomic data).
Target of this short is 3.85
I don't think it will go lower, because of new government politics, because of that this correction will end as beartrap on the larger picture.
Trade closed: target reached
My TP target has been reached.Pips: +425.0
Open price: 3.90405
Close price: 3.86155
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Related publications
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.