As we can see that breakout of resistance is looking weak and lacks momentum also head and shoulder pattern has been formed after the breakout so potentially it can turn out to be a fake breakout and if it breaks below the marked resistance and also react at the resistance zone and after some sort of bearish confirmation we can look for shorting opportunities.
Target - 0.64850
Target - 0.64850
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.
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.