Context:
this pair remains in its downchannel price found support near the oversold level of the channel , a rallie attempt
got rejected at the mean of the channel , and brought this pair back to the support level of 75600
price has a hard time advancing we see that price contradicts as of now ,
any rejection of the 50% mark at 7880 could lead to another retest of the support level
if price moves past that 50% mark we will test the mean yet again.
Signs of strength:
oversold
support
Signs Of weakness:
downchannel
rejection of the mean
Support:
77000
75600
Resistance:
78800
80000
81500
www.invezted.com
this pair remains in its downchannel price found support near the oversold level of the channel , a rallie attempt
got rejected at the mean of the channel , and brought this pair back to the support level of 75600
price has a hard time advancing we see that price contradicts as of now ,
any rejection of the 50% mark at 7880 could lead to another retest of the support level
if price moves past that 50% mark we will test the mean yet again.
Signs of strength:
oversold
support
Signs Of weakness:
downchannel
rejection of the mean
Support:
77000
75600
Resistance:
78800
80000
81500
www.invezted.com