The beginnings of a trend?
- Price has gone below the flag for more than a day. This may be a sign of a downtrend starting.
- A safe entry would be going short after the retest at 0.71609 area.
- The riskier position would be going long on the retrace (around 0.70453) and subsequently short to follow the trend.
- Hints would be based on D1 candlestick formation.
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.