Whilst the market remains below resistant zone 1.5200-1.5500, we would look to sell this market at any good bearish signal on daily or 4h chart, following the overall downtrend bias.
Note: The market created many bearish tail and pin bars below the resistant (see the picture below). This area also represents the 50% Fibonacci retracement and still remains below EMA 200 and the market was stuck at these levels during these last two weeks (Aug 27 to Aug 31).
Note: The market created many bearish tail and pin bars below the resistant (see the picture below). This area also represents the 50% Fibonacci retracement and still remains below EMA 200 and the market was stuck at these levels during these last two weeks (Aug 27 to Aug 31).