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STPFOREX
Apr 17, 2024 6:58 AM

possibility of downtrend  Short

Euro Fx/British PoundFXCM

Description

If the price crosses the 78.6% level, it will be possible to continue the downward trend until the next support range.
Then the movement process will continue according to the specified routes
Comments
FXCM
Nice analysis. I noticed you used the Fibonacci retracement to align with the support zone, which is based on multiple bounces off the level in the past. Good kind of confluence. Let's see how this plays out. I'll keep an eye on it.
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