On the 4H chart, there has been a breakout to the upside.
The bearish bias on this chart still holds as the EMA,200 >EMA,50 and the pair is crossing the EMA,200 at 1.34088.
The RSI further confirms a continuation of the initial bearish movement as it is overbought.
Given that the bearish flag is still plausible, The RSI is overbought and EMA,200 has not yet been broken, i would enter a bearish trade off the anticipated continuation of the overall bearish trend.
Entry Point: 1.
S/L: 1.3378
T/P 1: 1.33415 (Ph)
T/P 2: 1.3300
The bearish bias on this chart still holds as the EMA,200 >EMA,50 and the pair is crossing the EMA,200 at 1.34088.
The RSI further confirms a continuation of the initial bearish movement as it is overbought.
Given that the bearish flag is still plausible, The RSI is overbought and EMA,200 has not yet been broken, i would enter a bearish trade off the anticipated continuation of the overall bearish trend.
Entry Point: 1.
S/L: 1.3378
T/P 1: 1.33415 (Ph)
T/P 2: 1.3300
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.