🔸WEEKLY CHART EXPLANATION:
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🔸This pair has been very choppy for the last months.
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🔸We can observe that it tried to break the range to the upside but wasn't able to consolidate above. Instead, it left a pinbar and a strong rejection to the downside.
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🔸Our bearish view involves a potential downsive move towards the Ascending Trendline, however, we need to be careful with the Support Zone at 1.60000.
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🔸Will look for a lower timeframe bearish setup.
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🔸This pair has been very choppy for the last months.
.
🔸We can observe that it tried to break the range to the upside but wasn't able to consolidate above. Instead, it left a pinbar and a strong rejection to the downside.
.
🔸Our bearish view involves a potential downsive move towards the Ascending Trendline, however, we need to be careful with the Support Zone at 1.60000.
.
🔸Will look for a lower timeframe bearish setup.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.