A bearish trade opportunity recently presented itself on the euro-swissy trading chart 📉.
This is indicated by the bearish engulfing candlestick pattern just below the descending trend line 📉; the bearish candle also closed below the 0.96597 horizontal resistance level.
This shows a rejection of the same trend line 📉, with potential price move in the downward ⬇️ 👇 direction; even though the wicks of the two preceding candlesticks overshot the trend line.
Sufficient downward momentum should see price dumping towards the 0.95400 psychological level and possibly testing the strength of the 0.95235 horizontal support level.
As always, please apply appropriate risk management.
Happy trading!
This is indicated by the bearish engulfing candlestick pattern just below the descending trend line 📉; the bearish candle also closed below the 0.96597 horizontal resistance level.
This shows a rejection of the same trend line 📉, with potential price move in the downward ⬇️ 👇 direction; even though the wicks of the two preceding candlesticks overshot the trend line.
Sufficient downward momentum should see price dumping towards the 0.95400 psychological level and possibly testing the strength of the 0.95235 horizontal support level.
As always, please apply appropriate risk management.
Happy trading!
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。