It seems last move is an ABC corrective structure and could finish near 1.1500
Right now price is testing broken neckline, a nice opportunity to enter short or add positions.
Next strong support is neart 1.1500 shown on chart for this reasons:
- Projected ABC structure (blue line)
- EMA 200 as support
- near round level 1.1500
- 0.38 fib retracement of wave 3
- base channel as support
We could enter short here and then be prepared to buy near 1.1500 depending on price action.
Best regards
Right now price is testing broken neckline, a nice opportunity to enter short or add positions.
Next strong support is neart 1.1500 shown on chart for this reasons:
- Projected ABC structure (blue line)
- EMA 200 as support
- near round level 1.1500
- 0.38 fib retracement of wave 3
- base channel as support
We could enter short here and then be prepared to buy near 1.1500 depending on price action.
Best regards
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.