Weekly: Bearish
Daily: Bearish
Zone: Supply Zone @ 0.918 - 0.915
Pivot Point: 0.91677
Type of Trade: Continuation
TP: 0.888 level
With a bearish trend for weekly and daily, this is a pullback in price, which tests a small Supply Zone coupled with a Monthly Pivot Point.
A long bearish candle after the testing of the zone could indicate a good selling pressure, hence serving as confirmation.
TP is set at the next potential swing low, which in June 2015 serves as an idea.
Daily: Bearish
Zone: Supply Zone @ 0.918 - 0.915
Pivot Point: 0.91677
Type of Trade: Continuation
TP: 0.888 level
With a bearish trend for weekly and daily, this is a pullback in price, which tests a small Supply Zone coupled with a Monthly Pivot Point.
A long bearish candle after the testing of the zone could indicate a good selling pressure, hence serving as confirmation.
TP is set at the next potential swing low, which in June 2015 serves as an idea.