Hello everyone, hope you are all well.
I don’t post often but just wanted some opinions on my analysis.
After looking at price moment over the last two days it dawned on me that although there has been a sideways movement recently it’s very possible this pair on still in a downward sloping channel. I looked at the price moment in the past and noticed that price can move sideways for quite a while in a up/down trend.
The area circled is an area where I would like to sell to the mid-point of the large down sloping channel I can have shown in the snap shot.
What do you guys think of my analysis?
I don’t post often but just wanted some opinions on my analysis.
After looking at price moment over the last two days it dawned on me that although there has been a sideways movement recently it’s very possible this pair on still in a downward sloping channel. I looked at the price moment in the past and noticed that price can move sideways for quite a while in a up/down trend.
The area circled is an area where I would like to sell to the mid-point of the large down sloping channel I can have shown in the snap shot.
What do you guys think of my analysis?
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