The current sell-off should not be construed as trend reversal but an extended retracement.
This was bound to happen to correct some of the strong bullish gains.
The pair has encountered a strong area of demand which could be expected to send the pair yet again to the moon.
Effectively, the retracement is over and buyers may enter the market once again.
Trade well and take care.
This was bound to happen to correct some of the strong bullish gains.
The pair has encountered a strong area of demand which could be expected to send the pair yet again to the moon.
Effectively, the retracement is over and buyers may enter the market once again.
Trade well and take care.
Note
Entry did not happen.
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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.