Certainly the overall profile is looking weak, but we haven't gone through the critical support level yet. Everything points out to the 1.04 area as a MAJOR support level. We have a long term support line in this area, matching the 50% Fib retracement and the red upper neck line should also be right on the spot. This are three major supports all coming to 1.04. We certainly are going to test this level next week, but watch for the rebound.
I would look at selling around 1.0450 initially, with a target profit at the 1.04 level, as my first play. A closing candle below 1.04 would be a major indication, but I would then wait for the rebound to go short again.
I would look at selling around 1.0450 initially, with a target profit at the 1.04 level, as my first play. A closing candle below 1.04 would be a major indication, but I would then wait for the rebound to go short again.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.