After forming one technical double top reinforced by the weekly fractal as resistance printed at 1.26479, the cabe is now trading below the neck/support zone with the most recent resistance between 1.22499 and 1.22966, the 4h fractal and the daily fractal resistance.
The most recent support is now positioned at 1.21615 (4h fractal) and the daily fractal at the bottom at 1.20756.
The default target for the technical double top still projected at 1.19147 (the 200% fib extension), converging with one eventual bullish crab pattern just a couple of points above the major golden 61.8% fib retracement, that zone may offer some pressure for the pair with default targets for the bullish crab suggesting a retest of the most recent fractal support levels, if formed.
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
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I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
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免責聲明
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。