has been trading within a long term Channel Down since December 2018 ( RSI
= 38.590, MACD
= -0.085, ADX
= 31.136, Highs/Lows = -0.0915). At the moment it is trading around the 1D MA50 and on the Lower High trend line
. We expect the price to be rejected back to the 3.7790 Support. If not, then the June - December 2018 fractal
may be played out: rise towards 3.9500 and then rejection.
Previous call within the Channel Down:
** If you like our free content follow our profile (https://www.tradingview.com/u/InvestingS...
) to get more daily ideas. **
Comments and likes are greatly appreciated.