BEARISH Bias:
- Moving in Descending channel making LH & LL
- Formed a Bearish Engulfing candle on Daily chart in the last session
Can expect retracement up to 0.382 on FIB from last LH
SELL around 1.16100 level
(Below last Daily Support breached in the previous session, which will now act as a Resistance)
SL: 1.17015 (slightly above last LH)
TP: 1.13915 (slightly above Daily support)
- Moving in Descending channel making LH & LL
- Formed a Bearish Engulfing candle on Daily chart in the last session
Can expect retracement up to 0.382 on FIB from last LH
SELL around 1.16100 level
(Below last Daily Support breached in the previous session, which will now act as a Resistance)
SL: 1.17015 (slightly above last LH)
TP: 1.13915 (slightly above Daily support)