Strong bearish wave (a) ended at level 1.2052
then corrective bullish wave (b) rejected from key level at 1.2180
Pair is based below HVN at level 1.2157 which indicates that pair is in distribution phase
Below SMA 100
MACD shows bearish momentum
Price broke corrective uptrendline
we r waiting price to close below support level at 1.2105 to open short trade
It's expected forming bearish wave (c) to target level 1.2010
then corrective bullish wave (b) rejected from key level at 1.2180
Pair is based below HVN at level 1.2157 which indicates that pair is in distribution phase
Below SMA 100
MACD shows bearish momentum
Price broke corrective uptrendline
we r waiting price to close below support level at 1.2105 to open short trade
It's expected forming bearish wave (c) to target level 1.2010
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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.
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.