Timeframe: Day
Trend: Longterm - Down, Short-term - Up
See the yellow filled ellipses in the chart. Once the red and green moving lines cross (red line cross over the green line) strong selling begins and price retest of the green moving line typically happens. Price currently is retesting this area (~1.23 area), some decline may be in the works as seen previously when price pulls back.
A break above the green line would signal further bullish movement
Trend: Longterm - Down, Short-term - Up
See the yellow filled ellipses in the chart. Once the red and green moving lines cross (red line cross over the green line) strong selling begins and price retest of the green moving line typically happens. Price currently is retesting this area (~1.23 area), some decline may be in the works as seen previously when price pulls back.
A break above the green line would signal further bullish movement
Note
Price is tested red line and got rejected, look for decline from here
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.