Let's start with some technical analysis when I looked at this pair I found a valid rising wedge pattern potentially falling to 1.48000 area either bouncing off and forming a head and shoulders pattern or fall further below 1.46000
Then I saw a weakness because of RSI divergence potentially falling below the wedge support trend and
falling to the previous trend support level and a fib level 0.382
At 4.30 UTC time I will watch closely before the economic releases the rate decision this is going to influence my adding/cutting position
Then I saw a weakness because of RSI divergence potentially falling below the wedge support trend and
falling to the previous trend support level and a fib level 0.382
At 4.30 UTC time I will watch closely before the economic releases the rate decision this is going to influence my adding/cutting position
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.
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.