We can clearly see a bearish divergence, so there are two possibilities.
1. Price will get rejected from the resistance level and fall
2. Price will get rejected from the trend line and fall
Both are the possibilities.
1. Price will get rejected from the resistance level and fall
2. Price will get rejected from the trend line and fall
Both are the possibilities.
Trade closed: target reached:
We have reached level 0.68633 twice from both the entry " resistance level " and " trend line " and the analysis was correct for both the signals.