Read the explanation.
If you look at the chart carefully you can see the bearish ares which is marked in the yellow colour boxes performed with bearish engulfing and each and every time we meet the bearish engulfing pattern price goes down.
In the meantime price was retracing from 0.618 febo level towards to 0.786 level which is bearish movement is continuing.
RSI - you can see that RSI indicator shows that whenever it towards below it hit the 50 line shows a bearish momentum.
TP ares mention in the green box.
Note: Trade at your own risk and this analysis is not based on any economic or geopolitical news.
Comment and like us for more analysis.
If you look at the chart carefully you can see the bearish ares which is marked in the yellow colour boxes performed with bearish engulfing and each and every time we meet the bearish engulfing pattern price goes down.
In the meantime price was retracing from 0.618 febo level towards to 0.786 level which is bearish movement is continuing.
RSI - you can see that RSI indicator shows that whenever it towards below it hit the 50 line shows a bearish momentum.
TP ares mention in the green box.
Note: Trade at your own risk and this analysis is not based on any economic or geopolitical news.
Comment and like us for more analysis.