Hello everybody, I want to share this with you!
-On a 1-hour time frame, we can see that the price is moving in a small descending channel.
-Right now the price tested and rejected resistance level of a small descending channel, we can also see that the price is near the upper band of Bollinger indicator.
-On the stochastic indicators, we can see that the price is aiming to go even more in a bearish direction.
-This might be an opportunity to go short on this pair and we need to consider that USD is very strong these days and that might push the price even lower.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
-On a 1-hour time frame, we can see that the price is moving in a small descending channel.
-Right now the price tested and rejected resistance level of a small descending channel, we can also see that the price is near the upper band of Bollinger indicator.
-On the stochastic indicators, we can see that the price is aiming to go even more in a bearish direction.
-This might be an opportunity to go short on this pair and we need to consider that USD is very strong these days and that might push the price even lower.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.