monthly there is a bullish engulfing candlestick pattern and the signal is valid.
we have not hit any of the pivotal lows yet.
i could imagine that price will hit and bounce down from one of the red price lines somewher between 1.16 and 1.26, then returns to the low at ~ 1.045 to form a double bottom and then we may be through with the downtrend
we have not hit any of the pivotal lows yet.
i could imagine that price will hit and bounce down from one of the red price lines somewher between 1.16 and 1.26, then returns to the low at ~ 1.045 to form a double bottom and then we may be through with the downtrend