Confluences:
1-Primary trend at Daily chart is downward.
2-Price was moving below EMA 200 at Daily and 4H chart.
3-Supply zone 1.0620-30 has been re-tested more times and price pulled back again to resume its bearish move.
1-Primary trend at Daily chart is downward.
2-Price was moving below EMA 200 at Daily and 4H chart.
3-Supply zone 1.0620-30 has been re-tested more times and price pulled back again to resume its bearish move.
Trade active:
Trade active:
Comment:
We are waiting for breaking out the line to confirm the bearish bias for the pair.
Comment:
Comment:
Price already has broken the line as per CPI effects which is more than expected.
Trade active:
Comment:
We can enter Sell order now.
Confluecnes:
1-high volume
2-Price action (engulfing bearish candle)
3-Breaking the upward line.
Confluecnes:
1-high volume
2-Price action (engulfing bearish candle)
3-Breaking the upward line.
Trade active:
Trade active:
Comment:
Price was moving toward the target 1.0520
Comment:
Trade active:
Comment:
Trade active: