Key Observations
Daily Timeframe
H1 Timeframe
Daily Timeframe
- EMA20 crosses below EMA60 > signals a weak downtrend
- Overall, this pair is topping out given the lower high formed
H1 Timeframe
- Price fails to hold above the EMA band as it quickly cross below it
- Very likely momentum to the downside will pick up
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.