Bearish Momentum Continues!

3 сент. 2023 г.

📉 Monthly Chart:
- Support at 0.6160, but no end to bearish trend.
- Consider countertrend moves carefully.

📉 Weekly Chart:
- Market near resistance, but don't miss the bigger picture.
- Be cautious with countertrend trades.

📉 Daily Chart:
- Strong bearish movement.
- Market shows weakness at previous resistance.

📉 Four-Hour & One-Hour Charts:
- Potential countertrend opportunities, but be cautious.
- Look for confirmation before engaging in trades.

💡 Trading Strategies:
- Weekly chart: Gartley pattern at 0.6173 for patient buyers.
- Daily chart: Bullish crab pattern at 0.6191 for buying opportunity.
- One-hour chart: Counter trend buying opportunity around 0.6400 if market breaks lower.