downtrend but long then short after
1.Monthly, price should retrace to resistance level in confluence
with 38.2 Corrective wave
2. Daily price looks like a breakout of CTL
and should touch the 1.14000 area again,
if it breaks that level it should reach extension D
which is near level of retracement monthly of 38.2
3. still strongly belief that it will reach the 38.2 level before going further down
with 38.2 Corrective wave
2. Daily price looks like a breakout of CTL
and should touch the 1.14000 area again,
if it breaks that level it should reach extension D
which is near level of retracement monthly of 38.2
3. still strongly belief that it will reach the 38.2 level before going further down
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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.