strong bearish wave (A) ended at level 1.3493
then corrective bullish wave (B) rejected from 61.8% Fibonacci level at 1.3630
Price is based below HVN at level 1.3575 which indicates that pair is in distribution phase
MACD shows bearish momentum
It's expected for coming bearish wave (c) to target demand zone at level 1.3355
then corrective bullish wave (B) rejected from 61.8% Fibonacci level at 1.3630
Price is based below HVN at level 1.3575 which indicates that pair is in distribution phase
MACD shows bearish momentum
It's expected for coming bearish wave (c) to target demand zone at level 1.3355
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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.