After a break below ~1.8150 and a strong move down price has retraced back to and rejected the ~1.8150 area with the 0.618 Fibonacci level being in spitting distance of it, and the 50 ema as well with a close below. Stochastic and RSI indicate convergence.
Entry - below today's bearish bar
Stop loss - above today's bearish bar
Target - initial profit taking area at previous low (1.7534)
Entry - below today's bearish bar
Stop loss - above today's bearish bar
Target - initial profit taking area at previous low (1.7534)
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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.