Potential for a short position
Weekly Chart:
A bearish pin bar with rejection of high price.
Daily Chart:
Price closed below the closed price of last week.
Watch out:
1. Short term uptrend still intact.
2. First support could happen @ weekly demand zone around 0.92-0.92688
A bearish pin bar with rejection of high price.
Daily Chart:
Price closed below the closed price of last week.
Watch out:
1. Short term uptrend still intact.
2. First support could happen @ weekly demand zone around 0.92-0.92688
Trade active:
My prediction was right. I joined the Bears.
Comment:
SL hit with loss as the Bulls turn back.
Trade closed: stop reached:
Closed with loss