As this month's candle completes it is highly likely to form a hanging man which is a bearish signal.
I have done a wave count from the most recent bottom and would appreciate anyone's thoughts on my labelling. I believe if we reach the 1.3350 area soon it would be a good entry point for a short position as we enter a potential corrective phase.
I have used 1.3350 area as a resistance line as this was an area of strong support in the nineties.
I have done a wave count from the most recent bottom and would appreciate anyone's thoughts on my labelling. I believe if we reach the 1.3350 area soon it would be a good entry point for a short position as we enter a potential corrective phase.
I have used 1.3350 area as a resistance line as this was an area of strong support in the nineties.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.