This Pair is a overall sell, because price rejected a strong weekly resistance. And is making Lower Lows on H4.
But As you can see here price failed two times to break the support level.
Price formed bullish engolfing on key support level two times, this indicates that buyers are here. This pattern also formed at our 50% and 61.80% fibb levels I see this pair going up and rejecting our trendline before heading down.
Target is the previous High, and SL is below the Bullish Engolfing pattern.
Good luck!
But As you can see here price failed two times to break the support level.
Price formed bullish engolfing on key support level two times, this indicates that buyers are here. This pattern also formed at our 50% and 61.80% fibb levels I see this pair going up and rejecting our trendline before heading down.
Target is the previous High, and SL is below the Bullish Engolfing pattern.
Good luck!
Trade closed: target reached
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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.