Technical Analysis:
The price on the daily time frame is posting lower lows and highs which shows that we are in a downtrend. Lately, the pair posted a correction count toward the daily resistance. By looking on the lower time frame we can see that this correction has a form of bearish flag formation that coincide with a 50% Fibonacci retracement level. This could cause a move downward toward the 1.7310 USD mark.
-------------------------------------------------------------------------------------
Trade Idea:
Sell Limit Order @ 1.7432
Take Profit @1.7310
Stop Loss @ 1.7493
Trade Safely 🙂
The price on the daily time frame is posting lower lows and highs which shows that we are in a downtrend. Lately, the pair posted a correction count toward the daily resistance. By looking on the lower time frame we can see that this correction has a form of bearish flag formation that coincide with a 50% Fibonacci retracement level. This could cause a move downward toward the 1.7310 USD mark.
-------------------------------------------------------------------------------------
Trade Idea:
Sell Limit Order @ 1.7432
Take Profit @1.7310
Stop Loss @ 1.7493
Trade Safely 🙂
👉 For Free Signals :
t.me/tradewithpatfree
🗣 Our Website :
forexrobotnation.com/
📡 Our Youtube Channel :
youtube.com/c/tradewithpat
✔️ Our TikTok
tiktok.com/@tradewithpat
t.me/tradewithpatfree
🗣 Our Website :
forexrobotnation.com/
📡 Our Youtube Channel :
youtube.com/c/tradewithpat
✔️ Our TikTok
tiktok.com/@tradewithpat
Related publications
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.
👉 For Free Signals :
t.me/tradewithpatfree
🗣 Our Website :
forexrobotnation.com/
📡 Our Youtube Channel :
youtube.com/c/tradewithpat
✔️ Our TikTok
tiktok.com/@tradewithpat
t.me/tradewithpatfree
🗣 Our Website :
forexrobotnation.com/
📡 Our Youtube Channel :
youtube.com/c/tradewithpat
✔️ Our TikTok
tiktok.com/@tradewithpat
Related publications
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.