1) Daily candle close below MA (9), indicating a short-term downtrend.
2) Possible pullback to the 50% fibonacci level to test the 1.10905 zone.
3) Stochastic in positive zone and with bearish direction
Setup:
Entry= 1.10905
SL= 1.11480
TP1= 1.10648
TP2= 1.10281
TP3= 1.09815
2) Possible pullback to the 50% fibonacci level to test the 1.10905 zone.
3) Stochastic in positive zone and with bearish direction
Setup:
Entry= 1.10905
SL= 1.11480
TP1= 1.10648
TP2= 1.10281
TP3= 1.09815