Nothing much to say on the chart yet, no comment on it yet. Fundamentally, investors are looking for short for sure... but long still got the possibilities.
I'm a full technical trader, so I'm believing the probabilities of the longs are still in the game.
Currently, I'm waiting for a clear breakout and a structure to form. A clearer picture is necessary to conclude the price is going in which direction.
I'm a full technical trader, so I'm believing the probabilities of the longs are still in the game.
Currently, I'm waiting for a clear breakout and a structure to form. A clearer picture is necessary to conclude the price is going in which direction.
Trade active:
Short at 1.10070
with TP 1.09700
with TP 1.09700
Reason:
1. 4H was desperately on the trendline challenging the channel but fail.
2. 30M 200MA was still guarding the downside.
3. reasonable fundamental was still in play & holiday session causing less trader to put the price upward.