XTIUSD - SHORT IDEA
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
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.
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.