Based on current price action you can see the trend is creating consistent Lower lows and lower highs.
Based on the two latest structure points, you can see price has retraced to the 78.6 fibonacci extension, and we've now had multiple rejections of the fib.
Keeping stops very tight here, but with USD looking weak, the short play looks highly favourable
Take profit at $0.89662
Hope this helps.
Based on the two latest structure points, you can see price has retraced to the 78.6 fibonacci extension, and we've now had multiple rejections of the fib.
Keeping stops very tight here, but with USD looking weak, the short play looks highly favourable
Take profit at $0.89662
Hope this helps.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.