Bearish Short Term Move
The pair is testing the resistance against the T1 channel. Watch out for false breakouts on the upside as a 20-25 pip upward move can be expected.
The EMA,200 is below the EMA,50 , therefore supporting an overall bullish bias on the pair, however a retracement is imminent as the pair is overbought.
In conclusion
Entry point: 1.05606
S/L: 1.05759
T/P 1: 1.05272(PL Level)
T/P 2: 1.05108(EMA,50)
The EMA,200 is below the EMA,50 , therefore supporting an overall bullish bias on the pair, however a retracement is imminent as the pair is overbought.
In conclusion
Entry point: 1.05606
S/L: 1.05759
T/P 1: 1.05272(PL Level)
T/P 2: 1.05108(EMA,50)
Order cancelled
Entry point not hit. but was a confirmed sell
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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.