Still looks unstable to me

I posted the other day a short idea, and after the recent drop, I was unsure if that idea was still valid. So, I took a look at the daily this morning. Don't mind the chart, it's just how my brain computes things. Anyway, I think we could even see a further drop. I just don't see any real support. I guess we will just see.

Note

It would need to close above 1.60 to invalidate this entire idea.

Note

Down trend has commenced. RN bottom is where I have the arrow pointing unless it can establish a new bottom.

Jerseyboy79

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.

Jerseyboy79