Hi Folks:
Here's my view on this pair. The descending channel drawn seems to be working good this time.
As you can see, price movement is moving inside two descending channels, one much steeper than the other one.
All this movements are moving inside a bigger ascending channel though, so it all points that we are heading to test the support trendline of the ascending channel (green line).
VIX indicator is showing panic in the markets so anything could happen and for those less experienced consider always to stay away for a couple of days to see what the big fund managers decide.
Cheers
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
Here's my view on this pair. The descending channel drawn seems to be working good this time.
As you can see, price movement is moving inside two descending channels, one much steeper than the other one.
All this movements are moving inside a bigger ascending channel though, so it all points that we are heading to test the support trendline of the ascending channel (green line).
VIX indicator is showing panic in the markets so anything could happen and for those less experienced consider always to stay away for a couple of days to see what the big fund managers decide.
Cheers
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
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.