Below is my take on where market is headed. Market is following a down channel which can be observed on the daily view. Prices are currently around the top of that channel, which will go back down within channel if still developing, otherwise we will see a breakout.
However I am not expecting a breakout as of yet and market looks likely to complete head and shoulder pattern which will take prices further down.
DISCLAIMER;
Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire.
IF YOU SUPPORT IDEAS, LIKE, FOLLOW, SHARE ~ THANKS! ~
However I am not expecting a breakout as of yet and market looks likely to complete head and shoulder pattern which will take prices further down.
DISCLAIMER;
Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire.
IF YOU SUPPORT IDEAS, LIKE, FOLLOW, SHARE ~ THANKS! ~