We are heading to the bottom of the uptrend channel (red), can see possible bounce from there, but only to the top of downtrend channel resistance (blue). Later this trade will be updated with other trades based on which channel descending or ascending this pair will choose.
The entry will be near the bottom of the uptrend channel with 15 minutes MACD cross.
The entry will be near the bottom of the uptrend channel with 15 minutes MACD cross.
Comment:
The blue line is resistance from year ago, it went broken very easily, with the jump from red down resistance, I treat this as new uptrend continuation, look at red channel at trade within it. Good luck
Trade closed: target reached