XCUUSD: Potential Bearish ReversalPrice has come into a long term downward trend line and showing weakness but no confirmation yet. Aggressive trader can look towards an entry if there's a rejection of Fri high. The more prudent approach will be price taking out the recent structure low(red circle), than look to sell the pull back to target the fib 61.8 of the last up swing. Will be looking at his closely for a SHORT trade.
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.
