hey traders,
since 18th march we have been in an uptrend, however price has since broke that long uptrend and pulled all the way down to a weekly support. I now expect some correction and a pullback to the 72.500 region (possible short buy opportunity). IF price rejects this pullback region, we can expect a drop to the weekly support (tp1). If price rallys and breaks the weekly support which turns it into resistance, it may give us an opportunity to scale in and enter another sell down to the 0.382 region
lets see how price action goes
since 18th march we have been in an uptrend, however price has since broke that long uptrend and pulled all the way down to a weekly support. I now expect some correction and a pullback to the 72.500 region (possible short buy opportunity). IF price rejects this pullback region, we can expect a drop to the weekly support (tp1). If price rallys and breaks the weekly support which turns it into resistance, it may give us an opportunity to scale in and enter another sell down to the 0.382 region
lets see how price action goes
Trade attivo:
