A sideways move have established a strong support and resistance level, the price had break out the support level and moreover the price have retested the same level and converted it into a resistance level.
The fact that since Apr 2014 up to July 2014 the price found a lower strong resistance level between 0.94600 and 0.95040 as well as forming two candles that barely touched the MA 80 is given a very high probability to see a continuation of the down trend up to 0.88418, 0.86591 and 0.80646.
Now if i would think of a safe entry i would say, upon sell signal below 0.92013.
good luck for all
The fact that since Apr 2014 up to July 2014 the price found a lower strong resistance level between 0.94600 and 0.95040 as well as forming two candles that barely touched the MA 80 is given a very high probability to see a continuation of the down trend up to 0.88418, 0.86591 and 0.80646.
Now if i would think of a safe entry i would say, upon sell signal below 0.92013.
good luck for all
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.