After a year in a corrective structrure, this pair could experience a new bearish scenario. MA50&61.8% fibonacci retracement has been rejected. We can expect the new bearish scenario if the breakout is confirmed. Stay tuned.
Note
Note
Break out has now occuredNote
We could see a continuation of the bearish trend the next weeksNote
After a corrective scenario those two last months, price is showing bearish signals at 4H timeframe. We could see a new bearish impulse next weeksNote
Price developed as we predicted 9 months ago. Still have short potentialTrade closed: target reached
Perfectly played.
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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.