1- No Harmonic set up detected.
2- There is no MACD Divergence as of now.
3- MACD Crossing & Direction is Bearish.
4- Stochastic shows pull back from Oversold which it give opportunity to enter at the ight time for a nice Bearish move.
5- EMA 20_50_200 are all confirming Bearish move.
Weekly Analysis:
Looking at Monthly, it is getting closer to the lowest ever @0.53000 which is lowest since 1980. What is going to happen after, is yet to be seen.
On daily, it has broke through 52 Week Low (yellow dotted line) and it's is bouncing back up and confirms Stochastic set up.
My entry would be at Fib 0.382 for the next Bearish move with two step Stop Loss.
04/30
2- There is no MACD Divergence as of now.
3- MACD Crossing & Direction is Bearish.
4- Stochastic shows pull back from Oversold which it give opportunity to enter at the ight time for a nice Bearish move.
5- EMA 20_50_200 are all confirming Bearish move.
Weekly Analysis:
Looking at Monthly, it is getting closer to the lowest ever @0.53000 which is lowest since 1980. What is going to happen after, is yet to be seen.
On daily, it has broke through 52 Week Low (yellow dotted line) and it's is bouncing back up and confirms Stochastic set up.
My entry would be at Fib 0.382 for the next Bearish move with two step Stop Loss.
04/30
