The price bounced from 185.00 level and dropped to the 1st support zone formed by the strong support level and the local uptrend line. If the price bounces from this zone, it will be possible to search for buy signals from the lower timeframes for short and medium term trading.
If we look at the indicators, we can get several bearish signals from RSI, MACD lines and MACD histogram. These signals tell us that the market can drop below the 1st support and reach the 2nd zone formed by Moving Averages with different periods and the main uptrend line. Buy signals based on reversals will be stronger from this zone.
P.S. If you want to become a professional trader and succeed in the financial markets, you should read these 3 articles:
They will help you to move in the right direction and protect your capital.
I will be grateful if you support my work by your LIKEs.
90% of Traders Lose Their Money! Do You Really Want to Succeed?
The Key Elements to Succeed in The Financial Markets
WHEN CAN YOU START TRADING FOR A LIVING?
If we look at the indicators, we can get several bearish signals from RSI, MACD lines and MACD histogram. These signals tell us that the market can drop below the 1st support and reach the 2nd zone formed by Moving Averages with different periods and the main uptrend line. Buy signals based on reversals will be stronger from this zone.
P.S. If you want to become a professional trader and succeed in the financial markets, you should read these 3 articles:
They will help you to move in the right direction and protect your capital.
I will be grateful if you support my work by your LIKEs.
90% of Traders Lose Their Money! Do You Really Want to Succeed?
The Key Elements to Succeed in The Financial Markets
WHEN CAN YOU START TRADING FOR A LIVING?
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💎 Share My BEST Trades here 👉 bit.ly/wubits