ENJUSD
is bearish and currently being wedged down by the 200 EMA (black line). We are bearish until we break over the blue downtrend line. Steps to take:
- Buy on candle open/close above $1.83 resistance line OR at break of blue downtrend line OR multiple buy signals
- Should we dip down to the lower blue uptrend line that would also be a good buying opportunity
- Sell if candle open/close below current support line
Comment:
ENJ continues to search for its support base. Watch the lower blue uptrend line for an entry.