Price broke below very important area of support around 2.20 - 2.24 with an impulsive candle. Price then retested support turned resistance with a bearish flag, broke trend line with a high volume bearish engulfing candle on the 1h chart.
Stop loss: above resistance, recent highs
Take profit: at 1.5 fib extension level, acts as level of structure to the left
Stop loss: above resistance, recent highs
Take profit: at 1.5 fib extension level, acts as level of structure to the left
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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.