A price action below 16600 supports a bearish trend direction.
Recently crossed below its 200-day simple moving average.
Expect further downside potential for a break below the mentioned 16600 price level.
The target price is set at 15900 (its 200-week simple moving average).
The stop-loss price is set at 17400 (just above its 50% retracement level, which is close to its 200-day simple moving average).
Remains a risky trade.
Recently crossed below its 200-day simple moving average.
Expect further downside potential for a break below the mentioned 16600 price level.
The target price is set at 15900 (its 200-week simple moving average).
The stop-loss price is set at 17400 (just above its 50% retracement level, which is close to its 200-day simple moving average).
Remains a risky trade.