Hello Traders,
From about 20 days the price was been traded in a rectangle channel , yesterday we ve broken the channel and 4H candles closes below the channel.
Therefore , we can say that the price is getting ready to fall down BUT first we will retest that zone ( in the red circle )
In my opinion the Pair is SHORT according to:
0.382 Fibo line ( 0.85534 ) is a strong resistance
200 EMA considered a strong resistance zone too
From about 20 days the price was been traded in a rectangle channel , yesterday we ve broken the channel and 4H candles closes below the channel.
Therefore , we can say that the price is getting ready to fall down BUT first we will retest that zone ( in the red circle )
In my opinion the Pair is SHORT according to:
0.382 Fibo line ( 0.85534 ) is a strong resistance
200 EMA considered a strong resistance zone too