50 pips secured now we wait

Jun 12, 2021

We saw a break in my support after we took profit gaining 50 pips. There has been some concerns that it will continue following this bearish parallel channel. Every time it has broke the support it has gone lower. This could be a sign that it may be a good selling position.

On the other hand, we see it tested my daily trendline and bounce off it. If it breaks the maroon trendline we will see a good buying position if there is enough momentum.

For now we wait until markets open.