Price in a steady downtrend making lower lows & highs. 38.2 Fibonacci region rejected with a pin bar to the 200 Ema as well. A new bearish leg should come out to play this week. Entry now I would have a stop at the red line, or wait for a break of the counter uptrend line for shorts
Note
1.28400 is target 2Disclaimer
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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.