Trade idea
The pair is now testing the lower side of the potential descending triangle formation. If it gets broken, this could lead to further declines. But, if this will end up being a falling wedge pattern, then there could be some upside in near term.
Basically, for us to get comfortable with lower areas, a drop below the 100 EMA on the 4-hour chart would be needed.
Please see the chart for levels, targets and the alternative scenario.
Don't forget your stop-loss.
The pair is now testing the lower side of the potential descending triangle formation. If it gets broken, this could lead to further declines. But, if this will end up being a falling wedge pattern, then there could be some upside in near term.
Basically, for us to get comfortable with lower areas, a drop below the 100 EMA on the 4-hour chart would be needed.
Please see the chart for levels, targets and the alternative scenario.
Don't forget your stop-loss.
註釋
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。