Monthly downtrend. Close below key monthly level after testing it recently.
Weekly range.
Daily range.
The 0.672 level was offering resistance for a good short at top of range last week.
Coming into this week since price has collapsed significantly, there's now an opportunity to add to the short on consolidations below the 200EMA.
This is Tier 2 because we are trading with the monthly level and trend. Also, since we are taking the late entry, it is a lot higher in probability.
Weekly range.
Daily range.
The 0.672 level was offering resistance for a good short at top of range last week.
Coming into this week since price has collapsed significantly, there's now an opportunity to add to the short on consolidations below the 200EMA.
This is Tier 2 because we are trading with the monthly level and trend. Also, since we are taking the late entry, it is a lot higher in probability.
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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.
Related publications
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.