Hi
in this analysis we are shorting the instrument as it seems to have reached a certain supply level and there would be chances that we may face less demand .
we may face a small rally before it start to reverse and fall bellow the support zones
but we are mainly bearish on it
the key areas are:
Resistance zone: 1.6800, 1.6580, 1.6530
Support zone: 1.6125, 1.6030, 1.5643, 1.5312
please comment your ideas for better analysis
thanks
in this analysis we are shorting the instrument as it seems to have reached a certain supply level and there would be chances that we may face less demand .
we may face a small rally before it start to reverse and fall bellow the support zones
but we are mainly bearish on it
the key areas are:
Resistance zone: 1.6800, 1.6580, 1.6530
Support zone: 1.6125, 1.6030, 1.5643, 1.5312
please comment your ideas for better analysis
thanks
Bình luận:
here we are touching the lower boundary of the support zone so if broken we can see a big fall to 1.5643
Bình luận:
we have broke trough the two supports and we may have some reversal at this level
