After a massive false breakout to the upside last week, we have dropped back inside a descending channel.
Of which the candle stick on all time frames before market closure, has rejected the bottom.
This means we could expect a pullback to 1.73000 (top of the descending channel) or the middle of the channel before continuing a bearish move downwards.
Our bias is long before a bearish continuation; as the graph shows.
However, this is simply a premeditative view before the market actually opens.
***Market is currently very volatile***
Of which the candle stick on all time frames before market closure, has rejected the bottom.
This means we could expect a pullback to 1.73000 (top of the descending channel) or the middle of the channel before continuing a bearish move downwards.
Our bias is long before a bearish continuation; as the graph shows.
However, this is simply a premeditative view before the market actually opens.
***Market is currently very volatile***
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.