CHART ANALYSIS: On the 15 minute chart, price has formed a bearish engulfing. But, on the hourly chart, price seems to be pushing back beyond the previous session high. An hourly close above 1.1340 will solidify a bullish bias towards 1.140. An hourly close below 1.130 will solidify a bearish bias towards 1.1260.
- No risk, no reward.
- No risk, no reward.
Trade active
Price has closed back above support at 1.130. Bias has shifting back to a BUY. TP now set at 1.1380.Trade active
Price has closed back below support at 1.130. Bias has shifted back to a SELL. TP now set at 1.1240. Wait for another 15 minute close below support for further confirmation.Trade active
Price has closed back above resistance at 1.130. Bias has shifting back to a BUY. TP now set at 1.140
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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.