Nice analysis last week but I missed the trade. Price is now returning to a strong support where it is a congested zone with overlapping of 2 trench and 2 high volume candles supporting. As usual, I am bullish as long as 1.6256 is not broken. I will long only on a bullish signal at 1.6378 or 1.6256 (just a possible scenario: price temporarily hits below 1.6378 but returns with a bullish pin bar).
Note: Trend is still a down trend, careful with any longs.
Note: Trend is still a down trend, careful with any longs.
Note
Price is consolidating. I think a break out is coming soon.
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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.