Around the 28 cents mark, we have a great chance to enter a short. If we see failure at the resistance zone on price that is confirmed by the RSI as well, I predict we will revisit the lows. After the lows are are revisited, a new plan will have to be made.
Idea is invalidated if price makes a new high above 28 cents. Riding the price up until that point.
Expecting downtrend continuation due to dollar uptrend continuation and bond downtrend continuation.
Expecting big bouncy traps for exit liquidity.
Idea is invalidated if price makes a new high above 28 cents. Riding the price up until that point.
Expecting downtrend continuation due to dollar uptrend continuation and bond downtrend continuation.
Expecting big bouncy traps for exit liquidity.