Since the previous analysis we have dropped in to that yellow zone, but so far just in a straight line. As mentioned in the previous analysis, first i want to see if we see some kind of pattern gets formed before going long.
Because the pullback from the breakout is already weak, we dropped a bit below the breakout zone (blue zone on the right), i am going to take a more passive approach. First i want to see some kind of bounce up and a retest of support before getting in, like the blue line (which is an example in this case).
As long as we stay in that channel on the right, i won't be doing anything.
Previous analysis:
Because the pullback from the breakout is already weak, we dropped a bit below the breakout zone (blue zone on the right), i am going to take a more passive approach. First i want to see some kind of bounce up and a retest of support before getting in, like the blue line (which is an example in this case).
As long as we stay in that channel on the right, i won't be doing anything.
Previous analysis:
Note
I am going in with half a size here, looks like a small double bottom. Also because it seems the channel broke downwards, which usually results in a return into the channel.Note
Yesterday's small W bottom failed but no real dumping happened yet. There is chance the low is set now, but i am going to wait a bit more. The 1.137ish seems to the level to break to get some confirmation the bulls might be taking over again. 
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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.