We see what was expected, a down trending channel. We see a lower and lower low on both the RSI and price chart suggesting continuation. So let's long it! In all seriousness, I am neutral here. If we can find support in the zone and bounce at this historical support then I expect a decent bounce.
If we lose this support then we should see continuation to the $26.5 area to try to find support. We all know if it doesn't find support by the time the Asian market takes hold then down we go! As always, wait for confirmation candles to print before forming biases. Be safe friends!
If we lose this support then we should see continuation to the $26.5 area to try to find support. We all know if it doesn't find support by the time the Asian market takes hold then down we go! As always, wait for confirmation candles to print before forming biases. Be safe friends!