Use this as a guide to develop your view.
Main items we can see on the Daily Chart:
a)The price was inside a big descending channel before it broke it
b)On the Weekly chart, you can see that the price also broke a support zone that is working as resistance now.
c)On that zone, we can see a corrective Structure making a pullback to the resistance zone and the broken channel
d)Based on that we expect a continuation of the bearish movement, towards the next support zone (0.65 dynamic Support)
Main items we can see on the Daily Chart:
a)The price was inside a big descending channel before it broke it
b)On the Weekly chart, you can see that the price also broke a support zone that is working as resistance now.
c)On that zone, we can see a corrective Structure making a pullback to the resistance zone and the broken channel
d)Based on that we expect a continuation of the bearish movement, towards the next support zone (0.65 dynamic Support)
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.