As can be seen in the chart these channel clones continue to have influence on prices as support and resistance.
yesterday price broke daily pivot at 1.5278, so far it failed to have new buyers and price has been trading within a very small range for the last 18 hours, I think it might try to retest the daily pivot before it find buyers.
personally I still have small long runners from 1.5033 but going short at 1.5358 with very tight stop is tempting to me as we have a confluence of upper band of descending channel protected by feb 0.764 which we did not retest yet since it was broken.
the other reason why I am considering short got to do with predator-prey dynamics please see 19th and 22nd of Sep price action.
yesterday price broke daily pivot at 1.5278, so far it failed to have new buyers and price has been trading within a very small range for the last 18 hours, I think it might try to retest the daily pivot before it find buyers.
personally I still have small long runners from 1.5033 but going short at 1.5358 with very tight stop is tempting to me as we have a confluence of upper band of descending channel protected by feb 0.764 which we did not retest yet since it was broken.
the other reason why I am considering short got to do with predator-prey dynamics please see 19th and 22nd of Sep price action.
