1) Possible continuation of short-term downtrend, after crossing the MA (9).
2) Double testing of the 50% Fibonacci area for a minimum of October 29 and a maximum of November 21.
3) Possible breakdown of bullish channel and creation of new bearish channel.
4) Stochastic entering the oversold zone, but with a bearish direction.
Setup:
Entry = 1.45773
SL = 1.46540
TP1= 1.45227
TP2= 1.44531
2) Double testing of the 50% Fibonacci area for a minimum of October 29 and a maximum of November 21.
3) Possible breakdown of bullish channel and creation of new bearish channel.
4) Stochastic entering the oversold zone, but with a bearish direction.
Setup:
Entry = 1.45773
SL = 1.46540
TP1= 1.45227
TP2= 1.44531