Hello guys, in this technical analysis we see a several correction of this par.
In Daily we are in this situation of the market and the possible continue of this drop
In the past, we found out a shoulder head shoulder, that signal is so bearish!!!
The objective is to find down 175 pips. Also, following the trend in H1 you have a opportunity to entry in short in the 0.382% of Fibonacci, now I change my strategy because using trend-lines is more effective that using indicator to make a technical analysis so simple. If you're a beginner in that, know that we are in bearish trend, so, that case, we continue sell off. Also, if you noticed it, this yellow circle show the lower lower and higher lower that in that case the trend is so bearish, until we know that the bearish trend is stopped making a lower equal the previously lower, that is a possible change of the trend!!!
Also guys, in the other pars taht I follow, I will going for tomorrow to make a clear updated as you see in this.
As I have activated my sell, I am in profit near of 30 pips, I do not reccomend to closed up, because if you closed up, the price it's going to back to drop more, that my friend is just that the price need to make a pull back in the 0.382% of Fibonacci to later drop, there are a possible opportunity to entry in short in the 0.382% of Fibonacci.
In Daily we are in this situation of the market and the possible continue of this drop
In the past, we found out a shoulder head shoulder, that signal is so bearish!!!
The objective is to find down 175 pips. Also, following the trend in H1 you have a opportunity to entry in short in the 0.382% of Fibonacci, now I change my strategy because using trend-lines is more effective that using indicator to make a technical analysis so simple. If you're a beginner in that, know that we are in bearish trend, so, that case, we continue sell off. Also, if you noticed it, this yellow circle show the lower lower and higher lower that in that case the trend is so bearish, until we know that the bearish trend is stopped making a lower equal the previously lower, that is a possible change of the trend!!!
Also guys, in the other pars taht I follow, I will going for tomorrow to make a clear updated as you see in this.
As I have activated my sell, I am in profit near of 30 pips, I do not reccomend to closed up, because if you closed up, the price it's going to back to drop more, that my friend is just that the price need to make a pull back in the 0.382% of Fibonacci to later drop, there are a possible opportunity to entry in short in the 0.382% of Fibonacci.
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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.