I bet for a move down now. SL at 1.117. Trade active. At the moment with 3 pips loss.
Well, the trade is active with SL at 18.009. 1pip in a loss at the moment. I bet on divergence now, though I failed the previous times here, but it is the third wave...
I hope it is just the time for it to go down...
A year of descent, but where is the bottom? I would sell only above the KS...
Now where do we stand? Strong horizontal support asks for rebound. KS and TS pointing downwards, big momentum ask for strong downtrend continuation that started a year ago, though RSI is oversold.
Downwards for a year and a half, approaching the big support levels. Will it rebounce or drill through?