Sellingsetup
BEGIN NEXT WEEK DOWN - TRIP.COM GROUP LTD - 30MNWe observed a strong selling signal just before the exit of the trade.
The suppor t is still very strong but we noticed a second possible support if the market decides to break the first black line.
Possibility of formation or larger candlesticks with huge volumes indicating a significant change. Possibility , therefore, of generating profits in the short direction.
Next:
Be ready from Monday opening session ... if you miss it try to not miss out on the last third of the day in which investors are very dynamic in this market.
Have a good weekend and enjoy!
Tails with high volume will sign of U-turn : GBPAUD
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Parallel channel expected break-down . Selling in pullback is best opportunity to grab profit on this pair. The projection is mentioned at the chat for future prediction.
----------------------------------------(Weekly view)---------------------------------
Previous High 2.03533 ( double top )
Price is trading in still channel.
Series of tails found on the value high with an excess.
Tails with surged volume (its indicate U-turn)
Conclusion: highly prefer to trade in short selling side, therefore projected "falling wave" in the chart.