If we are being quick and straight to the point, here are the reasons to look for a short position:
-The sentiment of the market is clearly bearish
-The price has nicely rejected the local zone of resistance
-Judging by the few previous 8H candles, bullish pressure is not strong enough to drive the price to the upside
When it comes to the target, setting it at the area of 0.65300 would be reasonable, as we have witnessed the price reject the zone before.
Trade with caution, follow the risk management principles, and stay positive!
-The sentiment of the market is clearly bearish
-The price has nicely rejected the local zone of resistance
-Judging by the few previous 8H candles, bullish pressure is not strong enough to drive the price to the upside
When it comes to the target, setting it at the area of 0.65300 would be reasonable, as we have witnessed the price reject the zone before.
Trade with caution, follow the risk management principles, and stay positive!
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.