The resistance of 1.62977 proved to be a tough nut for the bulls.
It was tested thrice yet was unbroken.
Now, the support level of 1.62348 was broken validating a triple top pattern.
Hence, we expect the counter to be bearish in the short-term.
It was tested thrice yet was unbroken.
Now, the support level of 1.62348 was broken validating a triple top pattern.
Hence, we expect the counter to be bearish in the short-term.
Trade closed: target reached
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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.