Previous low hit. Support made price to bounce sharply
Hi Folks:
Here's my view on this pair. We hit the previous low and bounced quite strongly from there. See the chart.
We continue under bear's territory and having an engulfing bearish candle on the daily timeframe
Need to reevaluate different possibilities. The black circle below is the area that will offer major support (intersection of trendlines)
Cheers
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Here's my view on this pair. We hit the previous low and bounced quite strongly from there. See the chart.
We continue under bear's territory and having an engulfing bearish candle on the daily timeframe
Need to reevaluate different possibilities. The black circle below is the area that will offer major support (intersection of trendlines)
Cheers
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
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