A sell trade is possible looking at the price actions. The key points to consider:
- Two harmonic patterns are getting completed, the possible price action reversal zone is shown in cyan shaded region.
- daily trend line is also observed around this price action which can act as a resistance.
- there is also a key structure level around 2.466.
- RSI divergence is also observed.
We can enter the trade at 2.46 after getting the confirmation, the possible profit targets are 2.22, 2.06 (calculated from fib analysis).
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Disclaimer: This is not a signal, this analysis is for educational purpose only. Please do your own technical analysis and get into the trade with your own risk when you find a valid entry.
- Two harmonic patterns are getting completed, the possible price action reversal zone is shown in cyan shaded region.
- daily trend line is also observed around this price action which can act as a resistance.
- there is also a key structure level around 2.466.
- RSI divergence is also observed.
We can enter the trade at 2.46 after getting the confirmation, the possible profit targets are 2.22, 2.06 (calculated from fib analysis).
If you do like this idea, please hit the like button to support me.
Disclaimer: This is not a signal, this analysis is for educational purpose only. Please do your own technical analysis and get into the trade with your own risk when you find a valid entry.