Weekly: Bearish
Daily: Bearish
Zone: Supply Zone @ 0.918 - 0.915
Pivot Point: 0.91677
Type of Trade: Continuation
TP: 0.888 level
With a bearish trend for weekly and daily, this is a pullback in price, which tests a small Supply Zone coupled with a Monthly Pivot Point.
A long bearish candle after the testing of the zone could indicate a good selling pressure, hence serving as confirmation.
TP is set at the next potential swing low, which in June 2015 serves as an idea.
Daily: Bearish
Zone: Supply Zone @ 0.918 - 0.915
Pivot Point: 0.91677
Type of Trade: Continuation
TP: 0.888 level
With a bearish trend for weekly and daily, this is a pullback in price, which tests a small Supply Zone coupled with a Monthly Pivot Point.
A long bearish candle after the testing of the zone could indicate a good selling pressure, hence serving as confirmation.
TP is set at the next potential swing low, which in June 2015 serves as an idea.
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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.
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.