Trade active
We might quite possibly see a hard rejection or a possible bullflag formation forming under here @ 0.045. Past there biggest drops have found support here, and this is now massive resistance, before we can continue to the 0.236 fib and C extension.We are minor short here or at least ready for a pullback.
-B
Note
*past threeTrade active
We are seeing a cool-off, and usually this takes a little while before it starts to drop down as more traders fomo in making the price hover still. We can start looking for a entry as this starts to retrace. AND as usual, the best way is to average in. We should be anticipating a support bounce of the MA lines that are lagging behind, this indicates we have perhaps a couple of weeks of retrace ahead before we start to see an upswing.
Trade closed: target reached
Target reached, hope you enjoyed it.Disclaimer
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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.