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Price produced one more fakeout to bullish side and returned to the range.
Currently price sitting on 50 MA support in case there is a confirmed breakout of 50 MA then the Ichi Cloud support zone, also the lower boundary of the Channel we can initiate a short position.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Price produced one more fakeout to bullish side and returned to the range.
Currently price sitting on 50 MA support in case there is a confirmed breakout of 50 MA then the Ichi Cloud support zone, also the lower boundary of the Channel we can initiate a short position.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.