DislikedImo it could be a dangerous zone for the buyers. There isn't much support left on the weekly chart for about a 200 pip drop and with added momentum potentially further. Possibly a rising channel forming but little else (rising channel is also a bearish outlook but may give the bulls a temporary reprieve). If we enter the red zone it appears to be open water for the trend. At the moment we still balance on top of it but the ice is getting thinner. {image}Ignored
42% Short - 58% Long and I was always told to trade against the crowd because the big whales are always looking to sink a boat with too many people on board.
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