[Alert]Bears in control! - Full analysis

17 ago 2023

August 17 daily candle perfectly rejected the long-term trendline

We have August 17 closing @ 104.437
Closing below August 14 high 103.458
Closing below August 16 high 103.525

These additional confluences generate a strong bearish bias.
With first target of liquidity.
- August 17 low of 103.061
Second target.
-August 16 low of 102.944
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Additional note.

If the weekly candle close below PV-week high @102.91

we should expect a further retracement to 102.77 around fvg daily area.

18 ago 2023

Nota

correlation
$$$$ - weak
sell USD-XXX
buy XXX-USD

21 ago 2023

Nota