Hello Traders!
This one as a little manipulation on the road.
As you can see from August 19 we were in a bullish Trend.
On February we had a fakeout to the upside followed by the pandemic news we all know.
If we remove this news, we can see that the the price would have continued at our channel.
At the end of March we can see that the channel was broken, now to the downside with a proper retest.
I expect more downside to the first HL made on the inicial bullish trend from August 19 at 106.5.
Thanks :D
This one as a little manipulation on the road.
As you can see from August 19 we were in a bullish Trend.
On February we had a fakeout to the upside followed by the pandemic news we all know.
If we remove this news, we can see that the the price would have continued at our channel.
At the end of March we can see that the channel was broken, now to the downside with a proper retest.
I expect more downside to the first HL made on the inicial bullish trend from August 19 at 106.5.
Thanks :D