I never insist on my idea because it is just a possibility not a fact . The name is on it " Analyse".
The pair has been in a bearish trend for a while.Blue area is a good support. But there is not any certainty that price would be bullish from this spot.As we see price is vulnarable near this area for a while. So I am going to look for a good pattern confirmation (not just indicator) for Buy signal. Breaking upper blue line is a good confirmation. Two lower blue lines are the important keys for drop continuing . As a trader I can do nothing until one of these scenarios will happen or have Sell positions at higher risk.
The pair has been in a bearish trend for a while.Blue area is a good support. But there is not any certainty that price would be bullish from this spot.As we see price is vulnarable near this area for a while. So I am going to look for a good pattern confirmation (not just indicator) for Buy signal. Breaking upper blue line is a good confirmation. Two lower blue lines are the important keys for drop continuing . As a trader I can do nothing until one of these scenarios will happen or have Sell positions at higher risk.
Comment:
First important support confirmation broke to continue the bearish trend.
Comment:
Second important key level broke too . It seems that price is open to drop to the first support @ 1.08
Comment:
Price have seen 1.086 till now. I believe bearish trend is still on the card.
Comment:
Price has reached to 1.0800 .
