Currently the market is at the Daily Pivot so if we stay below here I think the next move will be to the downside...If above we get captured buy the overhead resistance evident... Now obviously we know 1.1380/1.1425 is that magical key level....and only if the $ index breaks below 96.00 we could be in with a chance of it reaching there...
Can it break...
Hey Guys I have analyse this chart for all of you . On fibonacci retracement we are on the max.. level of 0.786% And from here I have seen a bearish Engulf . We are gonna moving downward as the main trend is bearish so we are trading with the trend . For knowing how to analyse the trend ask me I will make videos For you .
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As we can see in the graph according to fibonacci retracement we jumped to 0.78% level Now it's time for ball to drop from this position . As we have also seen that main trend in bearish for GJ So, It's gonna hitting to 141.00 Very soon Time frame M30. I have seen a bearish enfulg here.
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