For now on monthly chart we need to focus on BLACKA PARALLEL CHANNEL for any direction. If it hit upper black line then go short. Going long in this weak pair kinda risky now, even though it has been over sold and limited bounce is very common.
The second channel can be the between the solid red line and the solid green line for more trading room. But either way more low is possible in next few months to year.
Safe bet is when the pair hits on of the top black or red line keep going short.
The second channel can be the between the solid red line and the solid green line for more trading room. But either way more low is possible in next few months to year.
Safe bet is when the pair hits on of the top black or red line keep going short.
