On the daily time frame, we can see that price had been rejecting off 1.74700 - 1.75260 price zone multiple time.
On Dec 31st of 2018, price had also rejected this price area and proceeded to head down.
On this 1 HR time frame, you can see that bulls are exhausted. A short here to 1.73800 is an ideal first target and second target will be at 1.73000 price level.
On Dec 31st of 2018, price had also rejected this price area and proceeded to head down.
On this 1 HR time frame, you can see that bulls are exhausted. A short here to 1.73800 is an ideal first target and second target will be at 1.73000 price level.
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First target hit
Comment:
Nice sell off on the 1HR with 50MA & 100MA crossing over along with price breaching our first target
Trade closed: target reached