Reading is must.
If you see the RSI indicator shows that when it comes down and cross the 50 horizontal line price goes more bearish and we can predict this time that price will be more bearish too.
According to the Fibonacci retracement price was rejected to move lower than this well tested support line from price 115.970 and fibo level of 1. And again price was retrace from resistance line of 119.627 and fibo level of 0.786 and we can come to a strong prediction as that price will move lower and will hit the fibo level of 1 and the support which we mentioned as above 115.970. so you can set your take profits in between any area as per your requirements.
50EMA is moving above from the chart means a bearish signal even last candle was ending with below the 50EMA.
Upper Bollinger band is moving away means a bearish movement
Lower Bollinger band is towards to the candle means a bearish movement
Take profit areas are mentioned in orange colour box. you can set your own SL.
Note: this analysis is based on without any economical or geopolitical news. Trade at your own risk.
Please don't forget to comment and like us that we can come up with more analysis.
If you see the RSI indicator shows that when it comes down and cross the 50 horizontal line price goes more bearish and we can predict this time that price will be more bearish too.
According to the Fibonacci retracement price was rejected to move lower than this well tested support line from price 115.970 and fibo level of 1. And again price was retrace from resistance line of 119.627 and fibo level of 0.786 and we can come to a strong prediction as that price will move lower and will hit the fibo level of 1 and the support which we mentioned as above 115.970. so you can set your take profits in between any area as per your requirements.
50EMA is moving above from the chart means a bearish signal even last candle was ending with below the 50EMA.
Upper Bollinger band is moving away means a bearish movement
Lower Bollinger band is towards to the candle means a bearish movement
Take profit areas are mentioned in orange colour box. you can set your own SL.
Note: this analysis is based on without any economical or geopolitical news. Trade at your own risk.
Please don't forget to comment and like us that we can come up with more analysis.