Why do I expect price to move lower below 103 USD?
Firstly, let's look at the chart.
What can you can read from the chart?
Firstly, let's look at the chart.
What can you can read from the chart?
- Price is currently around local PoC.
- Price has been creating lower highs (LH) for last several months.
- Price is currently below Ichimoku Cloud (strong resistance).
What do I expect will happen based on my readings?
Price is not very strong. It is below Ichimoku cloud and has created several lower highs. I believe that the price will move below 103 USD and take SLs of bulls.
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