🔸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.
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.