Short term bias = Short
Medium term bias = Short
Long term bias = short
Awaiting the bounce off the inner trend line, confirmation from the convergence of the MA's and the printing of bearish candlesticks.
First target at approx 1.421 as -0.618 Fibonacci extension is confluent with a weekly support level.
Medium term bias = Short
Long term bias = short
Awaiting the bounce off the inner trend line, confirmation from the convergence of the MA's and the printing of bearish candlesticks.
First target at approx 1.421 as -0.618 Fibonacci extension is confluent with a weekly support level.