Last week gave a break to the downside of an ascending channel on this pair. we also took out (and pulled back) an ascending Trendline in the process.
What i like about this setup is that the fib ext targets sir right on the low of the previous rally.
Fridays daily close also presented a bearish engulfing candle.
We can see the MACD gave a clear indication that the channel was weakening.
I will be looking for shorts on this pair the coming week - The potential pull-back area is not "set in stone", just a reference. As above, i will be looking for confirmation to short this pair.
What i like about this setup is that the fib ext targets sir right on the low of the previous rally.
Fridays daily close also presented a bearish engulfing candle.
We can see the MACD gave a clear indication that the channel was weakening.
I will be looking for shorts on this pair the coming week - The potential pull-back area is not "set in stone", just a reference. As above, i will be looking for confirmation to short this pair.
İşlem kapandı: hedefe ulaştı
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.