- Channel pulling downward have strong support at 134.000 region.
- There is a resistance that needs to challenge especially 135.000 region of trend channel and need to break upward to 136.000 region as a call for breakout.
- 136.000 region need to be challenge with price action. Sell trade can be taken if the price action call for a sell trade temporary to retest the previous trend channel resistance
- Expected testing at 134.5 region and move for a 300 pips run until 137.2 region as the cycle will end there.
- Take a sell trade at 137.2 region IF price action gives the signal to further downward.
- There is a resistance that needs to challenge especially 135.000 region of trend channel and need to break upward to 136.000 region as a call for breakout.
- 136.000 region need to be challenge with price action. Sell trade can be taken if the price action call for a sell trade temporary to retest the previous trend channel resistance
- Expected testing at 134.5 region and move for a 300 pips run until 137.2 region as the cycle will end there.
- Take a sell trade at 137.2 region IF price action gives the signal to further downward.
Trade active:
21/7/2020 - Resistance at 136 target hit, brace for rejection. Prepare sell and head downward before buy back