-Here on EURCAD i see a perfect market structure where with the help of the RSI, i see that bulls are tired to defend the support and this we see on RSI that bears are ready and willing to push the price further down.
-After this analysis in my opinion bears will break the support the next time the price gets there because on RSI we can see some divergence that shows that bears are aggressively selling and the lack of power from the bulls will lead to an inevitable breakout to the downside.
-Wait for the price to get to the red zone for a perfect entry.
-CryptonikLion
-After this analysis in my opinion bears will break the support the next time the price gets there because on RSI we can see some divergence that shows that bears are aggressively selling and the lack of power from the bulls will lead to an inevitable breakout to the downside.
-Wait for the price to get to the red zone for a perfect entry.
-CryptonikLion