A couple of bearish confluences are drawn on the chart, and with the help of those, we can predict that this pair will make a new LL. As it can be noted that bearish trend lien has been intact and whenever the price has touched the trendline bearsih divergence which has been drawn on three occasians. It seems that price has completed its retracement, which is about 1.45%. In short it can be a good opportunity to earn decent profits in short setup
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.
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.