Just an analysis.
Nice daily bullish candle but the pair might still be in a newly formed down channel, at this level is testing also the lower trendline of the previous upward channel.
Wait for a test of the marked area to see if the down channel continues or forms a new up trendline.
Nice daily bullish candle but the pair might still be in a newly formed down channel, at this level is testing also the lower trendline of the previous upward channel.
Wait for a test of the marked area to see if the down channel continues or forms a new up trendline.
Trade active
Opened shortTrade closed: stop 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.