XTIUSD - SHORT IDEA
Updated
BEARISH TREND CONTINUES
LH , LL formations
Price took rejection from 61.80 % FIB level, along with the Trendline, acting as Resistance.
Currently, price is getting rejected from 78.60 % FIB and Hourly Resistance.
In this process, a LL, and LH are created
Bearish Engulfing found at LH
Strong Daily support lies below, if it is broken, a short entry will be taken.
LH , LL formations
Price took rejection from 61.80 % FIB level, along with the Trendline, acting as Resistance.
Currently, price is getting rejected from 78.60 % FIB and Hourly Resistance.
In this process, a LL, and LH are created
Bearish Engulfing found at LH
Strong Daily support lies below, if it is broken, a short entry will be taken.
Trade active
THIS IS A MJOR SUPPORT, IF THIS BREAKS, THEN NEXT TARGET IS AS PER ARROWTrade active
TESTED 88.70 DAILY SUPPORT.IF THAT IS BROKEN, NEXT TARGET WILL BE 83.50 REGION
Trade closed: target reached
took support on Daily levels, and hence trade is closed here
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