Down and then rebound and then down probably again. it is downwards channel. I think it will last some time at the moment, but who knows... :D
An idea, but it looks right. Long countertrend, then later short! What do you think?
KS and TS are flat. MACD suggests up. Awesome is negative, but green... Which way???
looks like head and shoulders, right? So let's just hypothesize...
First target 0.77 , 2nd target 0.76. Let's see what market brings us :D
I was thinking that it may be a scenario. The market makers will tell, though.
Now I might be wrong, but that is what I see... A small pullback before the rally up? I am not in the trade myself at the moment, I just try to see if I am right in me interpretation.
I was just looking at this chart and was thinking if it could be a possible scenario. I checked on 1H and 4H charts and could not find any strong reversal. Just at 1H there was a bottom and then it corrected at the moment just to the line it broke down. There is a divergence only on 4H chart, but not on 1H. I am not in the trade yet, but feel free to comment your ideas.
Up or down it will be seen. The best bet is to wait and see where it goes after a breakout.
It has been literally flat for the last day. I will observe patiently. For a signal...