1) Weekly chart shows a clear reversal bar
2) The pitchfork drawn (swing high low) with the median along the trend indicates further down movement for the this pair and high probability movement towards median line (red)
3) Bears still look to dominate at price 0.747.Support Resistance area
4) If price breaks structure support (green line), continued down movement follows till next support is likely.
Enter at break of structure support and keep in mind the price levels indicated with the blue lines
2) The pitchfork drawn (swing high low) with the median along the trend indicates further down movement for the this pair and high probability movement towards median line (red)
3) Bears still look to dominate at price 0.747.Support Resistance area
4) If price breaks structure support (green line), continued down movement follows till next support is likely.
Enter at break of structure support and keep in mind the price levels indicated with the blue lines
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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.