Here is my bias, not advice. On the larger time frames (daily, weekly) I am BEARISH on this pair.
Here is the 4 hour chart and we are looking at a descending channel. Price has bounced beautifully within this channel which has given my conformation.
A bearish shark harmonic pattern has formed indicating a sell.
We also have a rising wedge and a break on the hourly with a retest ( I typically don't like using the hourly time frame because it doesn't give us any validation on price direction but it seems to be working okay here)
I believe we will see this pair retrace to $0.863 and if it breaks that price then it will head towards the .786 fibonacci level
Follow me on instagram, DM any questions or concerns
Joseph_Galluzzo
Best
Here is the 4 hour chart and we are looking at a descending channel. Price has bounced beautifully within this channel which has given my conformation.
A bearish shark harmonic pattern has formed indicating a sell.
We also have a rising wedge and a break on the hourly with a retest ( I typically don't like using the hourly time frame because it doesn't give us any validation on price direction but it seems to be working okay here)
I believe we will see this pair retrace to $0.863 and if it breaks that price then it will head towards the .786 fibonacci level
Follow me on instagram, DM any questions or concerns
Joseph_Galluzzo
Best
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.