1. The trend is respecting on down trendlines and 50 EMA which means the trend will keep going down.
2. Inverted Cup pattern is spotted
3. Price tries to break the minor resistance but it fails with the closed strong red candle.
Overall, the trend is looking bearish at the moment.
Entry 1.039
SL 1.04700
TP 0.96
2. Inverted Cup pattern is spotted
3. Price tries to break the minor resistance but it fails with the closed strong red candle.
Overall, the trend is looking bearish at the moment.
Entry 1.039
SL 1.04700
TP 0.96
Trade closed manually
we have long wick hammer candle stick closes on daily chart today and stos-RSI indicates bear is weak. TP and wait for better chance entry. 
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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.