The weekly chart stands at value
The daily chart shows some testing and retesting, I have explained it on the chart. The impulse turned green yesterday, and I bought at the current price.
If at the previous high, 2.3, I will see a bearish setup, I will exit my position and consider shorting. If however, there will be only slight wobbling without serious bearish implications, I will keep my position till the previous major high is reached at almost 2.4
The impulse is blue, which means the selling is over. The daily chart shows some testing and retesting, I have explained it on the chart. The impulse turned green yesterday, and I bought at the current price.
If at the previous high, 2.3, I will see a bearish setup, I will exit my position and consider shorting. If however, there will be only slight wobbling without serious bearish implications, I will keep my position till the previous major high is reached at almost 2.4