Big range channel.
This is very bad situation as it can go easy in both direction.
If break 6.5$ that would be real confirmation for bullish breakout.
If drop below 3.1$ that would be real confirmation for breakdown.
Trading between these level can be good only for scalps or short term setups.
Because we don't have real direction we just have range between 6.5$ and 3.1$.
This is very bad situation as it can go easy in both direction.
If break 6.5$ that would be real confirmation for bullish breakout.
If drop below 3.1$ that would be real confirmation for breakdown.
Trading between these level can be good only for scalps or short term setups.
Because we don't have real direction we just have range between 6.5$ and 3.1$.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.