Breaks triangle pattern with strong volume Bankers chips (RED bar) increase Well supported by Ribbon Trend.
Comment
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Fast sell was triggered around 1.77. But judging from selling volume is relatively low.. it seems like this is a healthy retrenchment Hence, i consider it's more towards retailer is selling or profit taking. Banker's Chip is around.
It seems like supported by EMA20 and Key Fibo Retracement Level 0.618. This level is very important to stay VERY BULLISH.
Must not break below 1.3, else we will see trend change... I think 1.3 will hold.
My plan is to move to H1 or H4 to further buy when there's BUY Signal around 1.3-1.4
@Chronoking, Fast sell was triggered around 1.77.
But it seems like this is a healthy retrenchment judging from selling volume is relatively low.. Hence, i consider it's more towards retailer is selling or profit taking.
It seems like supported by EMA20 and Key Fibo Retracement Level 0.618.
Banker's Chip is around.
Must not break below 1.3, else we will see trend change... I think 1.3 will hold.
Chronoking
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@JayShawn_SGX, Thank you so much your great analysis and opinions! Since this is healthy retrenchment, it will rebound soon?
JayShawn_SGX
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@Chronoking, i expect rebound around 1.3
If fail to rebound, then 1 is next level which i think it's unlikely based on last 3 days volume..