market price is in correction movement after stopping last weeks up trend and going into sideways channel.
We have seen a double top and the last high was not strong enough to reach the last two tops that is why I expect down movement for the beginning of this week to drawn first stronger support area
RSI and MACD indicating both more down side movement because both are turning more down ways
We have seen a double top and the last high was not strong enough to reach the last two tops that is why I expect down movement for the beginning of this week to drawn first stronger support area
RSI and MACD indicating both more down side movement because both are turning more down ways
Trade active
Note
move stop loss to entryTrade closed: target reached
trailing stop reached after yesterdays breakout from down trend channel
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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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.
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
Related publications
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.