Price manage to break the downtrend line (see arrow) & manage to make a strong pullback towards 21ema.
Becarefull if you wish to LONG, because you need to consider a few things:-
1) The mid-term trend is stil bearish;
2) Many strong resistances upwards. As in order now, they are 365ema and 1.3655 area (see ellipse) are waiting.
Kinda tricky market atm,so I am just watching from the sideline. Will make my move if there is any good opportunity later, whether it is a SELL/BUY.
Comments/suggestions/questions are most welcome.
Becarefull if you wish to LONG, because you need to consider a few things:-
1) The mid-term trend is stil bearish;
2) Many strong resistances upwards. As in order now, they are 365ema and 1.3655 area (see ellipse) are waiting.
Kinda tricky market atm,so I am just watching from the sideline. Will make my move if there is any good opportunity later, whether it is a SELL/BUY.
Comments/suggestions/questions are most welcome.