Hi Folks:
Here's my view on this pair. The descending channel drawn seems to be working good this time.
As you can see, price movement is moving inside two descending channels, one much steeper than the other one.
All this movements are moving inside a bigger ascending channel though, so it all points that we are heading to test the support trendline of the ascending channel (green line).
VIX indicator is showing panic in the markets so anything could happen and for those less experienced consider always to stay away for a couple of days to see what the big fund managers decide.
Cheers
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
Here's my view on this pair. The descending channel drawn seems to be working good this time.
As you can see, price movement is moving inside two descending channels, one much steeper than the other one.
All this movements are moving inside a bigger ascending channel though, so it all points that we are heading to test the support trendline of the ascending channel (green line).
VIX indicator is showing panic in the markets so anything could happen and for those less experienced consider always to stay away for a couple of days to see what the big fund managers decide.
Cheers
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
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.
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.