Looking to get EC into the blue box area. From there looking for a possible turn around, however it could continue up to our black resistance zone around 1.575. From there I expect a drop to around the 1.544 or more.
Please do your on research and this is just an idea.
When looking at CJ the pair has been moving down. It is also getting ready to look like it is headed down on the daily chart according to the MACD. I do believe that it will into the 79 - 78.4 area and potentially reverse up. Buying in that area and then having a TP at around 79.8.
Please do your own research.
When looking at the 4 hour chart it does appear that the downward trend is starting to slow down. When you back it back the charts down to the 2 hour and then the 1 hour you also see that the trend has been lagging as well. I do believe there will be an upward trend starting its movement.
I have an area of 1.07366 - 1.07341 for an entry point.
Stop Loss -...
