Hello everyone!
-On a daily chart, we can see that the price tested and rejected a strong resistance area within 5 days,...
-We can see that the bulls are losing momentum so we may expect that the bears are going to take some control.
-We can see a nice Doji pattern in the resistance zone and that is a nice sign that trend is going to change.
-The Stochastic indicator is showing us an overbought area so that is an extra sign that we want to look for taking short positions on this pair.
-Before taking action in Forex, please check the economic calendar and currency strength meter.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not Financial advice.
-On a daily chart, we can see that the price tested and rejected a strong resistance area within 5 days,...
-We can see that the bulls are losing momentum so we may expect that the bears are going to take some control.
-We can see a nice Doji pattern in the resistance zone and that is a nice sign that trend is going to change.
-The Stochastic indicator is showing us an overbought area so that is an extra sign that we want to look for taking short positions on this pair.
-Before taking action in Forex, please check the economic calendar and currency strength meter.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not Financial advice.