On weekly chart we can find there was a huge bullish crab near 0.7730, and price rebounded back to 0.7890, failed to climb up over 0.79 level, a lower high means the continuation of downtrend.
From price action and ICH perspective, I prefer short the pair and target see below labels:
0.7730 baseline level cofluence with D point of bullish
0.7626 127% fibo Ext confluence with SMA
0.7490 168% fibo Ext conflunece with D point of AB=CD pattern.
Also beware the inflation data to be released tmr.
From price action and ICH perspective, I prefer short the pair and target see below labels:
0.7730 baseline level cofluence with D point of bullish
0.7626 127% fibo Ext confluence with SMA
0.7490 168% fibo Ext conflunece with D point of AB=CD pattern.
Also beware the inflation data to be released tmr.
Trade active
reached 0.7730, further downside.Note
Futher Drop
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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.