The counter has broken its ascending channel formation.
It then bounced back to test the broken trendline. However, it was capped by the critical resistance of 0.84588.
It has formed two back to back strong bearish candles.
Hence, we expect the counter to be bearish in the short-term.
It then bounced back to test the broken trendline. However, it was capped by the critical resistance of 0.84588.
It has formed two back to back strong bearish candles.
Hence, we expect the counter to be bearish in the short-term.
Trade closed: target 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.