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Price retraced of the Higher Boundary of a Descending Channel, also of the Ichi Cloud resistance zone.
This should lead to retest of the Mid Line of the Channel. And if there will be a confirmed breakout of the Mid Line we can initiate a short position
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Price retraced of the Higher Boundary of a Descending Channel, also of the Ichi Cloud resistance zone.
This should lead to retest of the Mid Line of the Channel. And if there will be a confirmed breakout of the Mid Line we can initiate a short position
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.