The pair is trading in a bearish channel, price is touching the resistance trendline for the third time, a smaller trendline (in green) has been broken last week and this is a classic sell scenario, we have two important support zones as highlithed in the chart above, the first one is also a confluence with the 38.2% retracement of Fibonacci, and the second one could be reached in a longer timeframe.
Pay attention to price action in h4 and h1 if you would like to open a position.
We can also notice a divergence with the MACD, another bearish signal.
If you want to know the exact price to open a position send me a message !!!
Enjoy your trading !!!
Have a nice Monday
Thank you for reading
Francesco _ DRAGO INVESTMENTS_
Pay attention to price action in h4 and h1 if you would like to open a position.
We can also notice a divergence with the MACD, another bearish signal.
If you want to know the exact price to open a position send me a message !!!
Enjoy your trading !!!
Have a nice Monday
Thank you for reading
Francesco _ DRAGO INVESTMENTS_