Bullish Indicators:
1) HH HL
2) Support zone at 1.05491 Fib level 50.00%
3) Uptrend/Ascending channel
Bearish Indicators:
1) Resistance zone at 1.06132 Fib level 61.80%
2) Breaking of lower trendline
Plan A: One can take a long position on the bounce from the support level 1.05491 Fib level 50.00%.
Plan B: One can take a short position on the breaking of lower trendline for the target of 1.04854.
1) HH HL
2) Support zone at 1.05491 Fib level 50.00%
3) Uptrend/Ascending channel
Bearish Indicators:
1) Resistance zone at 1.06132 Fib level 61.80%
2) Breaking of lower trendline
Plan A: One can take a long position on the bounce from the support level 1.05491 Fib level 50.00%.
Plan B: One can take a short position on the breaking of lower trendline for the target of 1.04854.
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.
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.