BIAS: SHORT
Wow, this is a very slow pair, I used to underestimate those rumours.
After that huge bullish run, I have been watching this ascending channel form for quite some time, which indicates to me we are either expecting a reversal (doubt it), or a nice retracement - it has broken it but waiting for a daily closure in order to trade it.
1, Currently sitting at daily resistance
2, Ascending Channel
3, RSI Divergence on Daily
Target based on Fibonacci Clusters + base of pattern (38.2%) + next daily support zone (61.8%)
Wow, this is a very slow pair, I used to underestimate those rumours.
After that huge bullish run, I have been watching this ascending channel form for quite some time, which indicates to me we are either expecting a reversal (doubt it), or a nice retracement - it has broken it but waiting for a daily closure in order to trade it.
1, Currently sitting at daily resistance
2, Ascending Channel
3, RSI Divergence on Daily
Target based on Fibonacci Clusters + base of pattern (38.2%) + next daily support zone (61.8%)
Note
updated
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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.