Along side with the current downtrend momentum, the market still respect the downtrend trendline.
The 4th touch of the trendline and bearish engulfing candlestick give a potential for the market to make new lower low.
Taking Daily key level (130.720) as or D2 extension (130.800) as target projection.
The 4th touch of the trendline and bearish engulfing candlestick give a potential for the market to make new lower low.
Taking Daily key level (130.720) as or D2 extension (130.800) as target projection.
Trade closed: stop reached