Hello Traders,
We have reached the lowest low since 2016. The price was forming reversal channel and divergence on macd but it keeps falling. We need to see strong price action to the up side for change in the trend. For now it still bearish. I'm watching price action at the bottom to see which direction to go. No trade setup for me yet.
Good Luck!
Cheers,
Jonas
We have reached the lowest low since 2016. The price was forming reversal channel and divergence on macd but it keeps falling. We need to see strong price action to the up side for change in the trend. For now it still bearish. I'm watching price action at the bottom to see which direction to go. No trade setup for me yet.
Good Luck!
Cheers,
Jonas
Price is forming trend continuation pattern so one more move down is possible. I will watch price action at the upper trend line for short term sell.
Good Luck!
Cheers,
Jonas