Price has closed below the CTL (counter trendline) on the final day of trading last week.
The current bearish trend started in February and has most recently been in a potential corrective pattern where it retested and rejected 0.6200
We may now see a push from the sellers back towards major support at 0.6060 unless the current break below the CTL is a false break.
Look for potential sell setups if they meet your strategy rules.
This is an idea of what may happen. You should always trade with a well tested and profitable trading strategy using good risk management.
The current bearish trend started in February and has most recently been in a potential corrective pattern where it retested and rejected 0.6200
We may now see a push from the sellers back towards major support at 0.6060 unless the current break below the CTL is a false break.
Look for potential sell setups if they meet your strategy rules.
This is an idea of what may happen. You should always trade with a well tested and profitable trading strategy using good risk management.
Low-Cost Trading, for everyone, everywhere.
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.
Low-Cost Trading, for everyone, everywhere.
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.