Strong resistance level @ 0.71704
Candle tops hit the supply zone shown.
Ema 8 shows price action crossed below the ema trend line for a downward trend ---
sell limit order placed @ 0.71255 to confirm trend and stay clear of a bullish fakeout.
take profit when price hits the demand zone @ 0.70058
Candle tops hit the supply zone shown.
Ema 8 shows price action crossed below the ema trend line for a downward trend ---
sell limit order placed @ 0.71255 to confirm trend and stay clear of a bullish fakeout.
take profit when price hits the demand zone @ 0.70058
Note
bullish fakeout indeed took place! gear up for sell limit order
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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.