False breakout occurred at strong demand zone at level 0.6676
then price is rejected by bullish engulfing candle
RSI reached oversold region on H4 frame
MACD shows weakness in bearish momentum
It's expected for coming bullish wave to retest broken uptrendline near level 0.6870
then price is rejected by bullish engulfing candle
RSI reached oversold region on H4 frame
MACD shows weakness in bearish momentum
It's expected for coming bullish wave to retest broken uptrendline near level 0.6870
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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.