Potential short idea building here.
- Area of 0.6280 providing resistance here in areas of previous support in November
- Descending channel
- Before entry, I am looking for the area of support at 0.6020 to be broken to suggest strong bearish continuation
- Also looking for the small uptrend support line (red trend line) within the channel to be broken as a further suggestion of bearish movement
- Entry at 0.6250 with stop at 0.6300
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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.