1.5500 -1.5300= Key Zone =Start of the shock . This has proved a strong ceiling so far.
Up Trendline is broken, and price is caught up in a trading range of 6weeks at a common price.
Regarding the above, my bias is short once price detach from the 6weeks MODE.
There's a lot of room to the downside, given enough time.
That said, I'll be sitting on my hands, as far as the weekly chart is concerned.
I'll step down to Daily and 4H next.......
Up Trendline is broken, and price is caught up in a trading range of 6weeks at a common price.
Regarding the above, my bias is short once price detach from the 6weeks MODE.
There's a lot of room to the downside, given enough time.
That said, I'll be sitting on my hands, as far as the weekly chart is concerned.
I'll step down to Daily and 4H next.......
Comment:
