Is this the end of the downtrend?
Hi everyone
I hope you are well
All that can be seen in the chart is a decline, small corrections but it continues to decline again. The price has reached its lowest level since 2017. He passed all the support points on the way with force. But at the current price, we are witnessing the intersection of important support and resistance lines in the daily and weekly time at the price of 1.2131. If we have an ascending candlestick at this point in the daily time, the reverse hammer candlestick pattern is confirmed and it is time to enter the buy trades. If the price continues to fall, it will go to the range of 1.2000 to 1.1900.
📣 Attention 📣
⚠️ 1. We publish this trading idea to help analysts, so if you have an idea that you think is right, do not be influenced by this idea.
⚠️ 2. All our analysis and signals are provided free of charge, so we have no obligation to make any profit or loss on our signals and analysis.
⚠️ 3. If you have an idea, write to us in the comments section, we will be happy to use your idea in our analysis.
I hope you are well
All that can be seen in the chart is a decline, small corrections but it continues to decline again. The price has reached its lowest level since 2017. He passed all the support points on the way with force. But at the current price, we are witnessing the intersection of important support and resistance lines in the daily and weekly time at the price of 1.2131. If we have an ascending candlestick at this point in the daily time, the reverse hammer candlestick pattern is confirmed and it is time to enter the buy trades. If the price continues to fall, it will go to the range of 1.2000 to 1.1900.
📣 Attention 📣
⚠️ 1. We publish this trading idea to help analysts, so if you have an idea that you think is right, do not be influenced by this idea.
⚠️ 2. All our analysis and signals are provided free of charge, so we have no obligation to make any profit or loss on our signals and analysis.
⚠️ 3. If you have an idea, write to us in the comments section, we will be happy to use your idea in our analysis.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.