In the last 6 weeks 2 bullish engulfing parents were formed, but the present weekly bar is reversing the direction to south, forming another bearish engulf pattern and aiming to test levels 0,14-0,34,where the previous up move has started.
This scenario will be invalidated if 1,64 is broken
This scenario will be invalidated if 1,64 is broken
Note
Moving SL down to 1.27TP1 to 0.70
This week has to close below 0.92 ,so as to confirm the strong downward momentum
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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.