price made a good retracement and is not at the previous touch of the descending trendline. a situation that can occur is a test and fall back to
hit the lower trendline again. there is major support in the zone of 1.07 and aligns also with the extension level.
with a SSI number of 2.56 and 89% long in the traders-outlook, we can expect a push down to take the stop losses, create liquidity, accumulate and then push up.
hit the lower trendline again. there is major support in the zone of 1.07 and aligns also with the extension level.
with a SSI number of 2.56 and 89% long in the traders-outlook, we can expect a push down to take the stop losses, create liquidity, accumulate and then push up.
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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.
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.