We may derive the following from the Daily MTN chart:
1. Price was slightly bullish last week, after dropping from our resistance level (purple box).
2. It is probable that price will test the trend resistance line and continue further down to the main support level.
3. Monitor price action and be patient before trading.
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
1. Price was slightly bullish last week, after dropping from our resistance level (purple box).
2. It is probable that price will test the trend resistance line and continue further down to the main support level.
3. Monitor price action and be patient before trading.
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
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