Hello
I hope you are well
This analysis is done on a daily basis and has long-term goals.
We are currently on an uptrend and the trend has not changed yet. The price formed a meaningful Candle pattern after hitting the daily resistance line and did not reach 1.2175 and gives us a signal to start falling. Our impression of the chart is that the price is going to go down and probably its first target is 1.1800. If the price breaks its Candle pattern and crosses the support level of 1.2175, we can think of buying trades. Chart signals are currently descending.
📣 Attention 📣
⚠️ 1. We publish this trading idea to help analysts, so if you have an idea that you think is right, do not be influenced by this idea.
⚠️ 2. All our analysis and signals are provided free of charge, so we have no obligation to make any profit or loss on our signals and analysis.
⚠️ 3. If you have an idea, write to us in the comments section, we will be happy to use your idea in our analysis.
I hope you are well
This analysis is done on a daily basis and has long-term goals.
We are currently on an uptrend and the trend has not changed yet. The price formed a meaningful Candle pattern after hitting the daily resistance line and did not reach 1.2175 and gives us a signal to start falling. Our impression of the chart is that the price is going to go down and probably its first target is 1.1800. If the price breaks its Candle pattern and crosses the support level of 1.2175, we can think of buying trades. Chart signals are currently descending.
📣 Attention 📣
⚠️ 1. We publish this trading idea to help analysts, so if you have an idea that you think is right, do not be influenced by this idea.
⚠️ 2. All our analysis and signals are provided free of charge, so we have no obligation to make any profit or loss on our signals and analysis.
⚠️ 3. If you have an idea, write to us in the comments section, we will be happy to use your idea in our analysis.
