pair has respected the MA 21 in 30 min and MA 200 also respected indicates bearish move ahead . Resistance respected at 3330 and formed evening star candle in 30 min and 4 hr. as well which is still forming. Bearish engulfer candle in day time frame but also there is MA 200 below which might react i that area.
Weekly time frame shows clear and strong bull trend as its making cup and handle pattern the formation of head and shoulder -with the right shoulder being formed.
Overall pair shows down trend in smaller time frame based on candle patterns and MA .
Hence bias short @ 3275
SL:3327
TP1:3219
TP2:3157
Weekly time frame shows clear and strong bull trend as its making cup and handle pattern the formation of head and shoulder -with the right shoulder being formed.
Overall pair shows down trend in smaller time frame based on candle patterns and MA .
Hence bias short @ 3275
SL:3327
TP1:3219
TP2:3157
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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.