On Daily chart it created a bearish divergence. Since then, its trading within the channel.
On top of it There is a sharp retracement from its daily FVG within the channel.
I am still waiting for it to cross my Bearish Area to go Bearish and eying onto 109.50
Sell around 112.25 area but wait for breakdown and then price retracement. A bearish closing after touching 112.25 will give us a buy entry.
SL: will be determind upon entry if there is any retracement done.
Target 1: 111.25
target 2: 109.42
On top of it There is a sharp retracement from its daily FVG within the channel.
I am still waiting for it to cross my Bearish Area to go Bearish and eying onto 109.50
Sell around 112.25 area but wait for breakdown and then price retracement. A bearish closing after touching 112.25 will give us a buy entry.
SL: will be determind upon entry if there is any retracement done.
Target 1: 111.25
target 2: 109.42
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.