Business is not going to recover in a few weeks, at least 6-12 months to get back on track.
Lack of demand from consumer means less revenue, less revenue means less profit.
In order to maintain the same profit margin,
businesses need to produce low-quality products/ increase the product prices/hire less people.
No matter what their choice, this short term downturn is inevitable.
Let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be satisfied.
I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Buy/Sell at your own risk.
Lack of demand from consumer means less revenue, less revenue means less profit.
In order to maintain the same profit margin,
businesses need to produce low-quality products/ increase the product prices/hire less people.
No matter what their choice, this short term downturn is inevitable.
Let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be satisfied.
I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Buy/Sell at your own risk.
