We’re seeing price react off our sell entry at 0.9429 which is a multiple swing high resistance + bearish divergence vs stochastic . Prices could fall to our take profit target at 0.9356 which is a multiple swing low target that coincides with the 38.2% Fibonacci retracement .
In terms of stop loss, we’re keeping it tight at 0.9460 which coincides with a swing high back in 06 December 2022.
The material has been provided by InstaForex Company – www.instaforex.com
We’re seeing price react off our sell entry at 0.9429 which is a multiple swing high resistance + bearish divergence vs stochastic . Prices could fall to our take profit target at 0.9356 which is a multiple swing low target that coincides with the 38.2% Fibonacci retracement .
In terms of stop loss, we’re keeping it tight at 0.9460 which coincides with a swing high back in 06 December 2022.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: