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Price made a breakout of a Descending channel and the decline has high chances to continue because we have no strong support on the way down. We can initiate short with stop-loss above the candle's open.
However it's better to stay out, because the situation is not much clear now.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Price made a breakout of a Descending channel and the decline has high chances to continue because we have no strong support on the way down. We can initiate short with stop-loss above the candle's open.
However it's better to stay out, because the situation is not much clear now.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.