Currently price is showing strong bearish moves, taking support of 1.1454 for a brief consolidation at a Fibonacci bounce-back zone, if this consolidation lasted for few more days and price forms a nice formation then we can expect breakout and moves in the upward direction (but long entries would still be risky for that we need some strong structure or breakout above 1.5666).
Otherwise looking at the downfall it seems really bearish, shorting would be the right opportunity if Price breaks below 1.1454.
For Educational Purposes only, Not an Investment Advice, Always use strict Risk management measures.
Regards CrazyTrades247.
Otherwise looking at the downfall it seems really bearish, shorting would be the right opportunity if Price breaks below 1.1454.
For Educational Purposes only, Not an Investment Advice, Always use strict Risk management measures.
Regards CrazyTrades247.
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Join Telegram Channels for more Trades ideas 🧿
🟢For Forex and International Commodities
t.me/CrazyTrades247_FX_International
Connect us
+91-9238387447
crazytrades247@gmail.com
🟢For Forex and International Commodities
t.me/CrazyTrades247_FX_International
Connect us
+91-9238387447
crazytrades247@gmail.com
Related publications
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.