SHORT TERM STRUCTURE TRADE ANALYSIS EXPLAINED
Hi Traders,The price has broken down the previous SUPPORT structure and is pointing down to the next down structure level.
The 20 and 50 SMA is confirming the downtrend.
I am predicting a retest at 103.70's before going short with two targets.
Happy trading
The 20 and 50 SMA is confirming the downtrend.
I am predicting a retest at 103.70's before going short with two targets.
Happy trading
Note
Target 1 reachedTrade closed: target reached
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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.