.Bearish divergence...Break or bounce but i think price is going for another swing down...
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Forgot the MA"'s..Price is bouncing against MA50.... MA200 is moving towards the FIB 0,382(following the lower "older " channel TL)...
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Ok...It broke...Possible new channel formation...Bounce or break at 0,72220..Stop loss at 0,72500
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Normally this could be a bullish fag but I have my doubts...See my next chart EURUSD for the reason why...
Trade closed: stop reached
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Out...
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This one is going to fall....I guess....
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It's going in xmas modus i guess....
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Olu
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I will get short when 7200 is taken out
johan.verm
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watch 72350.....Upper channel...
Olu
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I agree. A fall seems more likely. Those retracement candles have no real motive. The candles when the price was going down were solid large ranged ones while thse last 10 or so candles have had smal real bodies. So I am looking down
johan.verm
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Good luck ...
Olu
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I like the idea. And the risk in pips is small. Thanks