The market has been ranging between support and resistance since November. We are currently at the daily resistance level, anticipating a bearish movement. Analyzing the one-hour chart, a double top pattern is evident, and its neckline has been broken. Now, we're waiting for a retest of the neckline to enter.
Entry 0.58175
Stop loss 0.5875
Targets 0.5747 & 0.5736
Entry 0.58175
Stop loss 0.5875
Targets 0.5747 & 0.5736
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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.