Price in bearish trend due to weakness of the DXY, bearish sentiment unless price creates a double bottom at the Daily Support.
Note
Price hit stop loss probably due to bearish hammer at the bottom of the bearish trend, possibly signalling a reversal on a daily and price at 618 on the weekly levels
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.