Despite All it's effort our pair couldn't break below February 26th low and finished the week with a narrow body candle.
Current level is important for us for two reasons:
1. it's been the lowest since February 26th and is a potential support.
2. we have a great divergence case
So for the time being we can expect a price to rise till the level of falling trend line(green coded) then dip down again or keep rising.
Those who favor long, in lower time frame wait for bullish candle setup then jump in.
If you guys have short bias, wait for the pair trading below current level then with good candle confirmation jump in.
Current level is important for us for two reasons:
1. it's been the lowest since February 26th and is a potential support.
2. we have a great divergence case
So for the time being we can expect a price to rise till the level of falling trend line(green coded) then dip down again or keep rising.
Those who favor long, in lower time frame wait for bullish candle setup then jump in.
If you guys have short bias, wait for the pair trading below current level then with good candle confirmation jump in.
Comment:
Well, it appears that short bias has dominated the bull's power