Hello fellow traders ,
A new trading week has started and today we may be watching follow through after friday candle close which resulted in bearish reversal pattern @ key resistance,
The price was rejected very strongly @1350 zone and has broken below short term ascending trendline and triangle pattern , which suggest price may follow through bearish sentiment and move towards 1320 zone for now , we would be looking for substantial break below 1318 -1320 in order to enter short towards 1305 zone.
Do let us know what do u think about our analysis, follow us for more idea,.
A new trading week has started and today we may be watching follow through after friday candle close which resulted in bearish reversal pattern @ key resistance,
The price was rejected very strongly @1350 zone and has broken below short term ascending trendline and triangle pattern , which suggest price may follow through bearish sentiment and move towards 1320 zone for now , we would be looking for substantial break below 1318 -1320 in order to enter short towards 1305 zone.
Do let us know what do u think about our analysis, follow us for more idea,.
