The market price stands below a very strong resistance level 1.62850 which has been confirmed by the previous selling pressure which has been noticed at the given levels. we will be looking for any possible sell candle formations before we enter our short positions on the pair.
On the fibonacci Retracement we are having the same level 1.62850 confirmed by the 87.6 Optimal Trade entry level which indicates the Institutional orders and the selling pressure which is to take place on the the level once the market gets to that point.
We will be happy to have your input on the article please leave us your comments on the comments section below.
0 Comments:
Post a Comment
Although every comment is appreciated, due to time limitations I might not be able to respond to everyone. Keep it in mind that we respect all comments by our readers but all spam comments and spam links will be deleted. Thanks for understanding!