Breaking the pair into a higher timeframe the overall trend is still downtrend , now we see a confluence of resistance and a 78.6 Fib retracement around 1.23559. trendline serves a resistance aswell. break or respect of this line will make a difference. But now shorting it has higher chance of winning this trade.
SHORT @ 1.23559
SL: 1.24599
TP1: 1.22543
TP2: 1.21896
*Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies and crypto currencies can be risky and potentially profitable opportunity for investors. However, before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
SHORT @ 1.23559
SL: 1.24599
TP1: 1.22543
TP2: 1.21896
*Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies and crypto currencies can be risky and potentially profitable opportunity for investors. However, before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
Order avbruten:
Trendline is broken not entered on this