Previous idea failed. What now?
Hi Folks:
Previous idea failed. Latest daily candle was quite bearish but we are approaching an area that can provide a good support and a good attempt to bounce after this important pull back.
I have redrawn a couple of descending channels that so far are respected and let's see which one will be the chosen one.
At this point it seems appropriate to wait for a clear confirmation rather than finding the bottom.
5 Weeks in a row in red, most probably will hit 128.6x before a possible bounce.
Cheers.
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Previous idea failed. Latest daily candle was quite bearish but we are approaching an area that can provide a good support and a good attempt to bounce after this important pull back.
I have redrawn a couple of descending channels that so far are respected and let's see which one will be the chosen one.
At this point it seems appropriate to wait for a clear confirmation rather than finding the bottom.
5 Weeks in a row in red, most probably will hit 128.6x before a possible bounce.
Cheers.
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.