- Price has been ranging between 109 and 110 for the past few days
- Downwards retest on EMA (25, close) not strong enough
- Need a long bearish candlestick or break on the upside to indicate a direction
- Downwards retest on EMA (25, close) not strong enough
- Need a long bearish candlestick or break on the upside to indicate a direction
Note
4-hr chart- Price currently below EMA (25, close)
- Two successful retests after break below 109.5
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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.