Possible bearish movement of the pair. The price is currently in a zone right at the 55 period EMA, making a bounce, which is essential in my strategy for the analysis of possible trend continuations. We also see significant development in the Squeeze momentum indicator and macd histogram monitors, with directionality changes to bearish confirmed. We see the adjoining ADX indicator enter below the 23 level line (0 point of the MACD histogram), indicating the weakness of the previous move higher, as it bounced towards the 55 period EMA, to continue falling as indicated by the movements. previous; along with a possible sell signal pattern coming soon on the MACD lines. There could be a continuation of the downtrend.
The use of the Stop Loss is important since we are going a little against the projection of the chart with a longer time frame of 4 hours.
The use of the Stop Loss is important since we are going a little against the projection of the chart with a longer time frame of 4 hours.
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