After setting Fib retracement here are the results:
- Fib retracement and Extension we can conclude the there is a hard area to break and the trend is more likely to end begin rallying down for a reversal.
- A major Resistance level is set on 1.69686 level and is so hard to break from the recent till down as shown the candlesticks have a bearish indicated wicks and a bearish pinbar candle was formed.
According to Tech Analysis:
- RSI still on 58 level
- MACD still needs time to indicate for a downtrend
Reminder: it may not be the right time to sell in the mean time, but just needs few days or maybe a week to show a 100% bearish confirmation and go short. That was a quick look for my idea about my idea. So bears, get ready.
- Fib retracement and Extension we can conclude the there is a hard area to break and the trend is more likely to end begin rallying down for a reversal.
- A major Resistance level is set on 1.69686 level and is so hard to break from the recent till down as shown the candlesticks have a bearish indicated wicks and a bearish pinbar candle was formed.
According to Tech Analysis:
- RSI still on 58 level
- MACD still needs time to indicate for a downtrend
Reminder: it may not be the right time to sell in the mean time, but just needs few days or maybe a week to show a 100% bearish confirmation and go short. That was a quick look for my idea about my idea. So bears, get ready.