-Very good selling opportunity of the rests of the support of the channel.
-There is a confluence with the support of the channel and the demand turned supply zone which shows price could potentially react from that zone.
-Another confluence is that the 38.2% fib level is line with the supply zone which gives me more confidence price cill reach that level and retrace.
-The 50EMA is above price which indicates that it is a bearish trend and to look for selling opportunity for this pair.
-We could see a potential breakout of the 106.985 level if price does not reach that zones.
-I will look to enter only when I see a strong bearish candle confirmation for me to enter the trade.
-Make sure you like, follow and share your comments/opinions on this pair.
-Have a good trading week!
-There is a confluence with the support of the channel and the demand turned supply zone which shows price could potentially react from that zone.
-Another confluence is that the 38.2% fib level is line with the supply zone which gives me more confidence price cill reach that level and retrace.
-The 50EMA is above price which indicates that it is a bearish trend and to look for selling opportunity for this pair.
-We could see a potential breakout of the 106.985 level if price does not reach that zones.
-I will look to enter only when I see a strong bearish candle confirmation for me to enter the trade.
-Make sure you like, follow and share your comments/opinions on this pair.
-Have a good trading week!
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.