We have a clear MACD Divergence showing a weakening bearish trend . Price completed a formation of bullish shark pattern after five bearish impulsive wave . We might be at first leg of corrective wave .
Expecting the price to make a little upward movement . First ptential target 0.21 (about 20 per cent) (a previous resistance tested twice)
For a buy at 1.72 , TP at 0.21, SL at 1.5 you get a RR ratio of 1.79
Expecting the price to make a little upward movement . First ptential target 0.21 (about 20 per cent) (a previous resistance tested twice)
For a buy at 1.72 , TP at 0.21, SL at 1.5 you get a RR ratio of 1.79
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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.