Sharp bullish wave ended at level 1.1490
after running more than 700 pips
Price rebounded by bearish movement in short term
and broke parabolic curve which pair was supported on it during last 2 weeks
MACD shows weakness in bullish momentum
RSI is below level 50
We r waiting price breaking support level at 1.1270 to open short trade, in that moment pair will be based below SMA 100
First target will be at key level near HVN at 1.1135
Second target will be at level 1.1053 which represents 61.8% Fibonacci level of sharp bullish wave
after running more than 700 pips
Price rebounded by bearish movement in short term
and broke parabolic curve which pair was supported on it during last 2 weeks
MACD shows weakness in bullish momentum
RSI is below level 50
We r waiting price breaking support level at 1.1270 to open short trade, in that moment pair will be based below SMA 100
First target will be at key level near HVN at 1.1135
Second target will be at level 1.1053 which represents 61.8% Fibonacci level of sharp bullish wave
Trade closed: target reached
Hit Take Profit (3) +140 pips
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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.