As I am typing this we are testing the bottom of this support area with a double top in play that could take us down to the bottom of the channel. Also broke down from the triangle and retested unsuccessfully.
Declining volumes. MACD below the signal line.
RSI heading down and well below 50.
If I had to call thsi we are definitely going down and that is how I will trade it. If we do bounce back we could expect quite a rapid move to the upside but we will need to get past the 1.81 to get any wserious gains.
At the moment it is only the 100MA and the support area holding us up.
Not trading advice, just a noob trying some things ;) Any constructive crit is always welcome.
Declining volumes. MACD below the signal line.
RSI heading down and well below 50.
If I had to call thsi we are definitely going down and that is how I will trade it. If we do bounce back we could expect quite a rapid move to the upside but we will need to get past the 1.81 to get any wserious gains.
At the moment it is only the 100MA and the support area holding us up.
Not trading advice, just a noob trying some things ;) Any constructive crit is always welcome.
Comment:
PS. so a break below the support area and 100MA will be SHORT and a break above my alert at around 1.70 will be a LONG. So far resistance from the Ichimoku has kept us pinned down here.